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

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

GREENGATES is a large extended detached house of 124m², built sometime between 1950 and 1966. 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	£410,425	4% above HPI
2004 23 APR	£250,000	£253,052	1% below HPI
2001 2 AUG	£143,000	£167,800	15% below HPI
1998 31 JUL	£80,000	£109,617	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.

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 in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where GREENGATES lies on this distribution: 63% of detached 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.