278, LONDON ROAD, STANWAY, COLCHESTER, CO3 8PB - £415,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

278 LONDON ROAD is a very large extended detached house of 236m², built sometime between 1930 and 1949. It was last sold for £415,000 in May 2006, which was around 48% above the average May 2006 detached price in the Colchester local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

278 LONDON ROAD Sold Prices

Land registry data shows two sales for 278 LONDON ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 278 LONDON ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2006 19 MAY	£415,000	£279,792	48% above HPI
2002 8 MAR	£292,750	£181,389	61% above HPI

278 LONDON ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The two 278 LONDON ROAD sales from March 2002 and May 2006 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2002 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the May 2006 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 278 LONDON ROAD?

278 LONDON ROAD is 236m², which includes three extensions, according to the EPC inspection conducted in December 2018. This puts it in the largest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 278 LONDON ROAD lies on this distribution: 98% of detached houses are smaller than 278 LONDON ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Colchester.

278 LONDON ROAD: Plot and Title Map

278 LONDON ROAD sits on a plot of roughly 0.267 of an acre, or 1,081m². The below map shows the location of 278 LONDON ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 278 LONDON ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 278 LONDON ROAD?

278 LONDON ROAD is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 278 on LONDON ROAD.