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

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

MAGNOLIAS is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £193,000 in July 2013, which was around 33% 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	£289,834	33% below HPI
2012 1 JUN	£200,000	£284,384	30% below HPI
2012 14 MAR	£156,500	£282,204	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 33% below the HPI. The line then continues to track at 33% below the HPI.

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 in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where MAGNOLIAS lies on this distribution: 5% of detached 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.