MAGNOLIAS, LEECHS LANE, COLCHESTER, CO4 5EP - £193,000

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.

MAGNOLIAS is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £333,525. It was last sold for £193,000 in July 2013, which was around 34% below the average July 2013 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 D.

MAGNOLIAS Sold Prices

Land registry data shows three sales for MAGNOLIAS 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 MAGNOLIAS 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
2013 10 JUL	£193,000	£290,631	34% below HPI
2012 1 JUN	£200,000	£285,166	30% below HPI
2012 14 MAR	£156,500	£282,979	45% below HPI

MAGNOLIAS 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 MAGNOLIAS sales between March 2012 and July 2013 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 June 2012 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2013 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might MAGNOLIAS be worth now?

MAGNOLIAS might now be worth an estimated £333,525.

This is based on house price inflation of 72.8%, between July 2013 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 72.8% inflationary increase is applied to the most recent sale price for MAGNOLIAS of £193,000 on 10th July 2013. For the value to have increased from £193,000 to £333,525 over the twelve years and five months to February 2025, the following assumptions must hold true:

• The value of MAGNOLIAS has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2013 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIAS has not materially changed since July 2013.

How Large is MAGNOLIAS?

MAGNOLIAS is 67m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% 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 MAGNOLIAS lies on this distribution: 5% of detached houses houses are smaller than MAGNOLIAS, and 95% of houses are larger. Note that EPC data is not available for all properties in Colchester.

MAGNOLIAS: Plot and Title Map

MAGNOLIAS sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of MAGNOLIAS, 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 MAGNOLIAS). 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 MAGNOLIAS?

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