MAGNOLIA COTTAGE, LOWER ROAD, PELDON, COLCHESTER, CO5 7QR - £275,000

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

MAGNOLIA COTTAGE is a midsized detached house of 165m², built sometime between 1996 and 2002. It was last sold for £275,000 in November 2001, which was around 56% above the average November 2001 detached price in the Colchester local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was D.

MAGNOLIA COTTAGE Sold Prices

Land registry data shows two sales for MAGNOLIA COTTAGE 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 MAGNOLIA COTTAGE 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
2001 30 NOV	£275,000	£176,209	56% above HPI
1998 9 OCT	£179,000	£112,898	59% above HPI

MAGNOLIA COTTAGE 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 MAGNOLIA COTTAGE sales from October 1998 and November 2001 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 1998 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the November 2001 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is 165m² according to the EPC inspection conducted in September 2017. This puts it in the largest 50% of detached houses in Peldon, based on EPC data. The below chart shows the distribution of detached houses by size in Peldon, and where MAGNOLIA COTTAGE lies on this distribution: 59% of detached houses are smaller than MAGNOLIA COTTAGE, and 41% of houses are larger. Note that EPC data is not available for all properties in Peldon.

MAGNOLIA COTTAGE: Plot and Title Map

MAGNOLIA COTTAGE sits on a plot of roughly 0.164 of an acre, or 666m². The below map shows the location of MAGNOLIA COTTAGE, 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 MAGNOLIA COTTAGE). 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 MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is located on LOWER ROAD in PELDON, in the CO5 postcode district. The below map shows the position of MAGNOLIA COTTAGE on LOWER ROAD.