CORNERWAYS, MILL LANE, BIRCH, COLCHESTER, CO2 0NG - £340,000

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

CORNERWAYS is a large detached house of 167m², built sometime between 1967 and 1975. It was last sold for £340,000 in July 2012, which was around 18% above the average July 2012 detached price in the Colchester local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS 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 CORNERWAYS 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
2012 19 JUL	£340,000	£287,955	18% above HPI
2002 22 MAR	£230,000	£181,389	27% above HPI
1998 28 AUG	£182,500	£111,246	64% above HPI

CORNERWAYS 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 CORNERWAYS sales between August 1998 and July 2012 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 March 2002 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2012 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 167m² according to the EPC inspection conducted in January 2012. This puts it in the largest 40% of detached houses in Birch Green, based on EPC data. The below chart shows the distribution of detached houses by size in Birch Green, and where CORNERWAYS lies on this distribution: 69% of detached houses are smaller than CORNERWAYS, and 31% of houses are larger. Note that EPC data is not available for all properties in Birch Green.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.186 of an acre, or 755m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on MILL LANE in BIRCH, in the CO2 postcode district. The below map shows the position of CORNERWAYS on MILL LANE.