59, FOUNDRY LANE, EARLS COLNE, COLCHESTER, CO6 2SB - £258,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

59 FOUNDRY LANE is a very small detached house of 45m², built sometime from 2007 onwards, which could now be worth an estimated £302,480. It was last sold for £258,000 in March 2019, which was around 48% below the average March 2019 detached price in the Braintree local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was A.

59 FOUNDRY LANE Sold Prices

Land registry data shows five sales for 59 FOUNDRY LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the five 59 FOUNDRY 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
2019 21 MAR	£258,000	£492,601	48% below HPI
2017 15 SEP	£247,500	£480,789	49% below HPI
2012 28 MAR	£170,000	£314,417	46% below HPI
2003 11 SEP	£198,000	£270,430	27% below HPI
2001 26 SEP	£170,000	£183,958	8% below HPI

59 FOUNDRY LANE 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 five 59 FOUNDRY LANE sales between September 2001 and March 2019 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 September 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the March 2019 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 59 FOUNDRY LANE be worth now?

59 FOUNDRY LANE might now be worth an estimated £302,480.

This is based on house price inflation of 17.2%, between March 2019 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for 59 FOUNDRY LANE of £258,000 on 21st March 2019. For the value to have increased from £258,000 to £302,480 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 59 FOUNDRY LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The March 2019 sale price of £258,000 represented a fair market value for the property.
• The size, condition, and specification of 59 FOUNDRY LANE has not materially changed since March 2019.

How Large is 59 FOUNDRY LANE?

59 FOUNDRY LANE is 45m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of detached houses houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earls Colne, and where 59 FOUNDRY LANE lies on this distribution: Less than 1% of detached houses houses are smaller than 59 FOUNDRY LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

59 FOUNDRY LANE: Plot and Title Map

59 FOUNDRY LANE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 59 FOUNDRY 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 59 FOUNDRY 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 59 FOUNDRY LANE?

59 FOUNDRY LANE is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 59 on FOUNDRY LANE.