8, THE RAYLEIGHS, COLCHESTER, CO2 7BE - £275,000

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

8 THE RAYLEIGHS is a small semi-detached house of 93m², built sometime between 1996 and 2002. It was last sold for £275,000 in November 2015, which was around 26% below the average November 2015 detached price in the Colchester local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

8 THE RAYLEIGHS Sold Prices

Land registry data shows three sales for 8 THE RAYLEIGHS 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. All of the three 8 THE RAYLEIGHS 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
2015 12 NOV	£275,000	£370,392	26% below HPI
2005 23 NOV	£210,000	£268,424	22% below HPI
2001 14 JUN	£149,995	£159,369	6% below HPI

8 THE RAYLEIGHS 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 8 THE RAYLEIGHS sales between June 2001 and November 2015 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 2005 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 8 THE RAYLEIGHS?

8 THE RAYLEIGHS is 93m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 8 THE RAYLEIGHS lies on this distribution: 31% of detached houses are smaller than 8 THE RAYLEIGHS, and 69% of houses are larger. Note that EPC data is not available for all properties in Colchester.

8 THE RAYLEIGHS: Plot and Title Map

8 THE RAYLEIGHS sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 8 THE RAYLEIGHS, 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 THE RAYLEIGHS). 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 THE RAYLEIGHS?

8 THE RAYLEIGHS is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 8 on THE RAYLEIGHS.