51, NORTH LANE, MARKS TEY, COLCHESTER, CO6 1EG - £403,000

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

51 NORTH LANE is a small extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £403,000 in December 2022, which was around 23% below the average December 2022 detached price in the Colchester local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was D.

51 NORTH LANE Sold Prices

Land registry data shows two sales for 51 NORTH LANE 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 51 NORTH LANE 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
2022 8 DEC	£403,000	£526,697	23% below HPI
2005 17 FEB	£254,500	£262,309	3% below HPI

51 NORTH LANE 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 51 NORTH LANE sales from February 2005 and December 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 February 2005 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 51 NORTH LANE?

51 NORTH LANE is 116m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses in Copford, based on EPC data. The below chart shows the distribution of detached houses by size in Copford, and where 51 NORTH LANE lies on this distribution: 32% of detached houses are smaller than 51 NORTH LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Copford.

51 NORTH LANE: Plot and Title Map

51 NORTH LANE sits on a plot of roughly 0.200 of an acre, or 808m². The below map shows the location of 51 NORTH LANE, 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 51 NORTH LANE). 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 51 NORTH LANE?

51 NORTH LANE is located in MARKS TEY, in the CO6 postcode district. The below map shows the position of No. 51 on NORTH LANE.