THE LAURELS, HIGH STREET, LANGHAM, COLCHESTER, CO4 5NT - £400,000

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

THE LAURELS is a very small extended detached house of 88m², built sometime before 1900. It was last sold for £400,000 in March 2023, which was around 24% below the average March 2023 detached price in the Colchester local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS 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. One of the three THE LAURELS sales was for below the average price, whilst two 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
2023 10 MAR	£400,000	£524,602	24% below HPI
2006 23 OCT	£450,000	£287,861	56% above HPI
1995 1 AUG	£135,000	£90,663	49% above HPI

THE LAURELS 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 THE LAURELS sales between August 1995 and March 2023 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 2006 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 88m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where THE LAURELS lies on this distribution: 11% of detached houses are smaller than THE LAURELS, and 89% of houses are larger. Note that EPC data is not available for all properties in Langham.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on HIGH STREET in LANGHAM, in the CO4 postcode district. The below map shows the position of THE LAURELS on HIGH STREET.