7, FORDS LANE, COLCHESTER, CO4 5FS - £435,000

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

7 FORDS LANE is a midsized detached house of 104m², built sometime between 1996 and 2002. It was last sold for £435,000 in April 2021, which was about the average April 2021 detached price in the Colchester local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

7 FORDS LANE Sold Prices

Land registry data shows three sales for 7 FORDS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. The three 7 FORDS LANE sales were a mix of roughly equal to the average price, above the average price, and 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
2021 22 APR	£435,000	£436,072	Close to HPI
2017 2 NOV	£370,000	£432,437	14% below HPI
1997 28 FEB	£120,000	£91,601	31% above HPI

7 FORDS 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 three 7 FORDS LANE sales between February 1997 and April 2021 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 November 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 FORDS LANE?

7 FORDS LANE is 104m² according to the EPC inspection conducted in August 2017. 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 7 FORDS LANE lies on this distribution: 42% of detached houses are smaller than 7 FORDS LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 FORDS LANE: Plot and Title Map

7 FORDS LANE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 7 FORDS 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 7 FORDS 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 7 FORDS LANE?

7 FORDS LANE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 7 on FORDS LANE.