7, LANCASTER APPROACH, COLCHESTER, CO4 9AF - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 LANCASTER APPROACH is a small detached house of 91m², which could now be worth an estimated £396,262. It was last sold for £345,000 in April 2021, which was around 21% below the average April 2021 detached price in the Colchester local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

7 LANCASTER APPROACH Sold Prices

Land registry data shows two sales for 7 LANCASTER APPROACH 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 7 LANCASTER APPROACH 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
2021 23 APR	£345,000	£437,270	21% below HPI
2016 27 APR	£294,995	£376,709	22% below HPI

7 LANCASTER APPROACH 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 7 LANCASTER APPROACH sales from April 2016 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 April 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 LANCASTER APPROACH be worth now?

7 LANCASTER APPROACH might now be worth an estimated £396,262.

This is based on house price inflation of 14.9%, between April 2021 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for 7 LANCASTER APPROACH of £345,000 on 23rd April 2021. For the value to have increased from £345,000 to £396,262 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 7 LANCASTER APPROACH has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2021 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LANCASTER APPROACH has not materially changed since April 2021.

How Large is 7 LANCASTER APPROACH?

7 LANCASTER APPROACH is 91m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 7 LANCASTER APPROACH lies on this distribution: 28% of detached houses houses are smaller than 7 LANCASTER APPROACH, and 71% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 LANCASTER APPROACH: Plot and Title Map

7 LANCASTER APPROACH sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 7 LANCASTER APPROACH, 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 LANCASTER APPROACH). 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 LANCASTER APPROACH?

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