GREENGATES, LEECHS LANE, COLCHESTER, CO4 5EP - £427,500

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.

GREENGATES is a large extended detached house of 124m², built sometime between 1950 and 1966, which could now be worth an estimated £521,704. It was last sold for £427,500 in December 2016, which was around 4% above the average December 2016 detached price in the Colchester local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

GREENGATES Sold Prices

Land registry data shows four sales for GREENGATES 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. Most of the four GREENGATES 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
2016 16 DEC	£427,500	£411,552	4% above HPI
2004 23 APR	£250,000	£253,748	1% below HPI
2001 2 AUG	£143,000	£168,261	15% below HPI
1998 31 JUL	£80,000	£109,918	27% below HPI

GREENGATES 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 GREENGATES sales between July 1998 and December 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 April 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2016 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might GREENGATES be worth now?

GREENGATES might now be worth an estimated £521,704.

This is based on house price inflation of 22%, between December 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 22% inflationary increase is applied to the most recent sale price for GREENGATES of £427,500 on 16th December 2016. For the value to have increased from £427,500 to £521,704 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of GREENGATES has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2016 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of GREENGATES has not materially changed since December 2016.

How Large is GREENGATES?

GREENGATES is 124m², which includes four extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 40% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where GREENGATES lies on this distribution: 63% of detached houses houses are smaller than GREENGATES, and 36% of houses are larger. Note that EPC data is not available for all properties in Colchester.

GREENGATES: Plot and Title Map

GREENGATES sits on a plot of roughly 0.158 of an acre, or 641m². The below map shows the location of GREENGATES, 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 GREENGATES). 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 GREENGATES?

GREENGATES is located on LEECHS LANE in COLCHESTER, in the CO4 postcode district. The below map shows the position of GREENGATES on LEECHS LANE.