CHIMNEYS, PARK LANE, LANGHAM, COLCHESTER, CO4 5NH - £192,500

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

CHIMNEYS is a small extended detached house of 102m², built sometime between 1930 and 1949. It was last sold for £192,500 in March 2003, which was around 15% below the average March 2003 detached price in the Colchester local authority area. The most recent EPC inspection was March 2024, where the current energy rating was E, and the potential energy rating was C.

CHIMNEYS Sold Prices

Land registry data shows two sales for CHIMNEYS 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 CHIMNEYS 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
2003 28 MAR	£192,500	£227,259	15% below HPI
1997 17 OCT	£80,000	£99,892	20% below HPI

CHIMNEYS 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 CHIMNEYS sales from October 1997 and March 2003 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 October 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2003 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is CHIMNEYS?

CHIMNEYS is 102m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 30% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where CHIMNEYS lies on this distribution: 23% of detached houses are smaller than CHIMNEYS, and 77% of houses are larger. Note that EPC data is not available for all properties in Langham.

CHIMNEYS: Plot and Title Map

CHIMNEYS sits on a plot of roughly 0.255 of an acre, or 1,031m². The below map shows the location of CHIMNEYS, 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 CHIMNEYS). 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 CHIMNEYS?

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