MILNEBURG, WARREN LANE, STANWAY, COLCHESTER, CO3 0LJ - £285,000

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

MILNEBURG is a very small detached house of 17m², built sometime between 1950 and 1966. It was last sold for £285,000 in June 2017, which was around 33% below the average June 2017 detached price in the Colchester local authority area. The most recent EPC inspection was March 2009, where the current energy rating was F, and the potential energy rating was E.

MILNEBURG Sold Prices

Land registry data shows three sales for MILNEBURG 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 MILNEBURG 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
2017 30 JUN	£285,000	£422,755	33% below HPI
2011 4 FEB	£176,000	£282,105	38% below HPI
2009 21 MAY	£135,000	£230,428	41% below HPI

MILNEBURG 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 MILNEBURG sales between May 2009 and June 2017 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 February 2011 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2017 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is MILNEBURG?

MILNEBURG is 17m² according to the EPC inspection conducted in March 2009. 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 MILNEBURG lies on this distribution: Less than 1% of detached houses are smaller than MILNEBURG, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

MILNEBURG: Plot and Title Map

MILNEBURG sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of MILNEBURG, 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 MILNEBURG). 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 MILNEBURG?

MILNEBURG is located on WARREN LANE in STANWAY, in the CO3 postcode district. The below map shows the position of MILNEBURG on WARREN LANE.