LENORE, LUCY LANE NORTH, STANWAY, COLCHESTER, CO3 0JQ - £295,000

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.

LENORE is a very large extended detached house of 158m², built sometime between 1930 and 1949, which could now be worth an estimated £512,409. It was last sold for £295,000 in November 2006, which was around 2% above the average November 2006 detached price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

LENORE Sold Prices

Land registry data shows three sales for LENORE 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. Two of the three LENORE sales were for above the average price, whilst one was 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
2006 1 NOV	£295,000	£289,147	2% above HPI
2004 20 MAY	£272,000	£256,012	6% above HPI
1997 27 MAR	£63,500	£93,221	32% below HPI

LENORE 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 LENORE sales between March 1997 and November 2006 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 May 2004 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2006 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might LENORE be worth now?

LENORE might now be worth an estimated £512,409.

This is based on house price inflation of 73.7%, between November 2006 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 73.7% inflationary increase is applied to the most recent sale price for LENORE of £295,000 on 1st November 2006. For the value to have increased from £295,000 to £512,409 over the nineteen years and nine months to February 2025, the following assumptions must hold true:

• The value of LENORE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2006 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of LENORE has not materially changed since November 2006.

How Large is LENORE?

LENORE is 158m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% 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 LENORE lies on this distribution: 84% of detached houses houses are smaller than LENORE, and 15% of houses are larger. Note that EPC data is not available for all properties in Colchester.

LENORE: Plot and Title Map

LENORE sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of LENORE, 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 LENORE). 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 LENORE?

LENORE is located on LUCY LANE NORTH in STANWAY, in the CO3 postcode district. The below map shows the position of LENORE on LUCY LANE NORTH.