OMEGA, MOOR ROAD, LANGHAM, COLCHESTER, CO4 5NR - £465,000

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

OMEGA is a large extended detached house of 200m², built sometime between 1967 and 1975. It was last sold for £465,000 in October 2012, which was around 61% above the average October 2012 detached price in the Colchester local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

OMEGA Sold Prices

Land registry data shows three sales for OMEGA 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. The three OMEGA sales were a mix of above the average price, and roughly equal to 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
2012 26 OCT	£465,000	£288,286	61% above HPI
2007 12 OCT	£455,000	£305,139	49% above HPI
1997 21 FEB	£92,000	£91,601	Close to HPI

OMEGA 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 OMEGA sales between February 1997 and October 2012 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 2007 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2012 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is OMEGA?

OMEGA is 200m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 30% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where OMEGA lies on this distribution: 78% of detached houses are smaller than OMEGA, and 22% of houses are larger. Note that EPC data is not available for all properties in Langham.

OMEGA: Plot and Title Map

OMEGA sits on a plot of roughly 0.231 of an acre, or 935m². The below map shows the location of OMEGA, 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 OMEGA). 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 OMEGA?

OMEGA is located on MOOR ROAD in LANGHAM, in the CO4 postcode district. The below map shows the position of OMEGA on MOOR ROAD.