THE NOOK, PRINCEL LANE, DEDHAM, COLCHESTER, CO7 6HD - £360,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE NOOK is a very small extended detached house of 51m², built sometime between 1930 and 1949. It was last sold for £360,000 in December 2021, which was around 26% below the average December 2021 detached price in the Colchester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

THE NOOK Sold Prices

Land registry data shows eight sales for THE NOOK since 1^st January 1995. The below table shows the price paid for the eight sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the eight THE NOOK 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
2021 20 DEC	£360,000	£483,413	26% below HPI
2020 12 NOV	£315,000	£454,919	31% below HPI
2018 18 MAY	£290,000	£432,704	33% below HPI
2014 5 DEC	£215,000	£338,067	36% below HPI
2005 2 DEC	£180,000	£271,084	34% below HPI
1997 5 DEC	£72,250	£100,710	28% below HPI
1996 4 OCT	£63,500	£90,937	30% below HPI
1995 12 MAY	£62,000	£90,235	31% below HPI

THE NOOK 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 eight THE NOOK sales between May 1995 and December 2021 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 November 2020 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is THE NOOK?

THE NOOK is 51m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses in Dedham, based on EPC data. The below chart shows the distribution of detached houses by size in Dedham, and where THE NOOK lies on this distribution: 3% of detached houses are smaller than THE NOOK, and 97% of houses are larger. Note that EPC data is not available for all properties in Dedham.

THE NOOK: Plot and Title Map

THE NOOK sits on a plot of roughly 0.016 of an acre, or 66m². The below map shows the location of THE NOOK, 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 NOOK). 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 NOOK?

THE NOOK is located on PRINCEL LANE in DEDHAM, in the CO7 postcode district. The below map shows the position of THE NOOK on PRINCEL LANE.