40, LAYER ROAD, COLCHESTER, CO2 7JH - £580,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 LAYER ROAD is a small detached house of 90m², built sometime between 1930 and 1949. It was last sold for £580,000 in August 2022, which was around 13% above the average August 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

40 LAYER ROAD Sold Prices

Land registry data shows two sales for 40 LAYER 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. One of the two 40 LAYER ROAD sales was for above the average price, whilst the other was 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
2022 1 AUG	£580,000	£511,451	13% above HPI
2012 25 MAY	£225,000	£281,618	20% below HPI

40 LAYER 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 40 LAYER ROAD sales from May 2012 and August 2022 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 May 2012 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2022 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 40 LAYER ROAD?

40 LAYER ROAD is 90m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 40 LAYER ROAD lies on this distribution: 26% of detached houses are smaller than 40 LAYER ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Colchester.

40 LAYER ROAD: Plot and Title Map

40 LAYER ROAD sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 40 LAYER 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 40 LAYER 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 40 LAYER ROAD?

40 LAYER ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 40 on LAYER ROAD.