8, FOUNDRY LANE, COPFORD, COLCHESTER, CO6 1BH - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 FOUNDRY LANE is a small extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £260,000 in October 2013, which was around 14% below the average October 2013 detached price in the Colchester local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

8 FOUNDRY LANE Sold Prices

Land registry data shows four sales for 8 FOUNDRY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 8 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
2013 11 OCT	£260,000	£303,998	14% below HPI
2008 20 JUN	£270,000	£283,841	5% below HPI
2002 2 AUG	£184,995	£205,075	10% below HPI
2001 28 FEB	£125,500	£151,676	17% below HPI

8 FOUNDRY 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 four 8 FOUNDRY LANE sales between February 2001 and October 2013 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 June 2008 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2013 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 8 FOUNDRY LANE?

8 FOUNDRY LANE is 109m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses in Copford, based on EPC data. The below chart shows the distribution of detached houses by size in Copford, and where 8 FOUNDRY LANE lies on this distribution: 25% of detached houses are smaller than 8 FOUNDRY LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Copford.

8 FOUNDRY LANE: Plot and Title Map

8 FOUNDRY LANE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 8 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 8 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 8 FOUNDRY LANE?

8 FOUNDRY LANE is located in COPFORD, in the CO6 postcode district. The below map shows the position of No. 8 on FOUNDRY LANE.