4, LAVENDER WAY, COLCHESTER, CO4 5UE - £240,000

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

4 LAVENDER WAY is a very small semi-detached house of 80m², built sometime between 1976 and 1982. It was last sold for £240,000 in July 2015, which was around 31% below the average July 2015 detached price in the Colchester local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

4 LAVENDER WAY Sold Prices

Land registry data shows two sales for 4 LAVENDER WAY 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 4 LAVENDER WAY 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
2015 16 JUL	£240,000	£349,277	31% below HPI
2011 29 JUL	£182,500	£282,927	35% below HPI

4 LAVENDER WAY 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 4 LAVENDER WAY sales from July 2011 and July 2015 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 July 2011 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2015 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 4 LAVENDER WAY?

4 LAVENDER WAY is 80m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 4 LAVENDER WAY lies on this distribution: 15% of detached houses are smaller than 4 LAVENDER WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Colchester.

4 LAVENDER WAY: Plot and Title Map

4 LAVENDER WAY sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 4 LAVENDER WAY, 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 4 LAVENDER WAY). 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 4 LAVENDER WAY?

4 LAVENDER WAY is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 4 on LAVENDER WAY.