34, COLCHESTER ROAD, BURES, CO8 5AE - £355,000

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

34 COLCHESTER ROAD is a small detached house of 92m², built sometime between 1967 and 1975. It was last sold for £355,000 in September 2023, which was around 34% below the average September 2023 detached price in the Braintree local authority area. The most recent EPC inspection was May 2023, where the current energy rating was E, and the potential energy rating was C.

34 COLCHESTER ROAD Sold Prices

Land registry data shows four sales for 34 COLCHESTER ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four 34 COLCHESTER ROAD sales were for below 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
2023 15 SEP	£355,000	£537,011	34% below HPI
2001 9 NOV	£58,523	£179,382	67% below HPI
1999 30 JUN	£90,000	£119,776	25% below HPI
1995 26 JUN	£70,000	£91,477	23% below HPI

34 COLCHESTER ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The four 34 COLCHESTER ROAD sales between June 1995 and September 2023 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 November 2001 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the September 2023 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 34 COLCHESTER ROAD?

34 COLCHESTER ROAD is 92m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 30% of detached houses in Bures, based on EPC data. The below chart shows the distribution of detached houses by size in Bures, and where 34 COLCHESTER ROAD lies on this distribution: 23% of detached houses are smaller than 34 COLCHESTER ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Bures.

34 COLCHESTER ROAD: Plot and Title Map

34 COLCHESTER ROAD sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 34 COLCHESTER 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 34 COLCHESTER 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 34 COLCHESTER ROAD?

34 COLCHESTER ROAD is located in BURES, in the CO8 postcode district. The below map shows the position of No. 34 on COLCHESTER ROAD.