BROADOAKS, PERRY LANE, LANGHAM, COLCHESTER, CO4 5PH - £547,000

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.

BROADOAKS is a very large detached house of 223m², built sometime between 1996 and 2002, which could now be worth an estimated £732,948. It was last sold for £547,000 in March 2016, which was around 46% above the average March 2016 detached price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

BROADOAKS Sold Prices

Land registry data shows six sales for BROADOAKS since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Most of the six BROADOAKS sales were for above 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
2016 4 MAR	£547,000	£374,824	46% above HPI
2006 18 JAN	£515,000	£274,838	87% above HPI
2003 11 DEC	£435,000	£241,356	80% above HPI
2003 21 MAR	£145,000	£227,883	36% below HPI
2002 20 SEP	£300,000	£215,775	39% above HPI
1996 25 OCT	£140,000	£91,187	54% above HPI

BROADOAKS 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 six BROADOAKS sales between October 1996 and March 2016 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 January 2006 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the March 2016 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might BROADOAKS be worth now?

BROADOAKS might now be worth an estimated £732,948.

This is based on house price inflation of 34%, between March 2016 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 34% inflationary increase is applied to the most recent sale price for BROADOAKS of £547,000 on 4th March 2016. For the value to have increased from £547,000 to £732,948 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of BROADOAKS has moved in line with the HPI for detached houses in the Colchester local authority area.
• The March 2016 sale price of £547,000 represented a fair market value for the property.
• The size, condition, and specification of BROADOAKS has not materially changed since March 2016.

How Large is BROADOAKS?

BROADOAKS is 223m² according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses houses in Langham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Langham, and where BROADOAKS lies on this distribution: 85% of detached houses houses are smaller than BROADOAKS, and 15% of houses are larger. Note that EPC data is not available for all properties in Langham.

BROADOAKS: Plot and Title Map

BROADOAKS sits on a plot of roughly 1.3 acres, or 5,363m². The below map shows the location of BROADOAKS, 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 BROADOAKS). 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 BROADOAKS?

BROADOAKS is located on PERRY LANE in LANGHAM, in the CO4 postcode district. The below map shows the position of BROADOAKS on PERRY LANE.