55, LUCY LANE SOUTH, STANWAY, COLCHESTER, CO3 0HY - £390,000

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

55 LUCY LANE SOUTH is a midsized extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £390,000 in August 2023, which was around 22% below the average August 2023 detached price in the Colchester local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

55 LUCY LANE SOUTH Sold Prices

Land registry data shows two sales for 55 LUCY LANE SOUTH 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 55 LUCY LANE SOUTH 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 11 AUG	£390,000	£498,951	22% below HPI
2002 23 AUG	£136,000	£205,075	34% below HPI

55 LUCY LANE SOUTH 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 55 LUCY LANE SOUTH sales from August 2002 and August 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 August 2002 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2023 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 55 LUCY LANE SOUTH?

55 LUCY LANE SOUTH is 110m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 55 LUCY LANE SOUTH lies on this distribution: 49% of detached houses are smaller than 55 LUCY LANE SOUTH, and 51% of houses are larger. Note that EPC data is not available for all properties in Colchester.

55 LUCY LANE SOUTH: Plot and Title Map

55 LUCY LANE SOUTH sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 55 LUCY LANE SOUTH, 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 55 LUCY LANE SOUTH). 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 55 LUCY LANE SOUTH?

55 LUCY LANE SOUTH is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 55 on LUCY LANE SOUTH.