WESTWOOD, MILL LANE, BIRCH, COLCHESTER, CO2 0NH - £370,000

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

WESTWOOD is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £370,000 in April 2016, which was around 2% below the average April 2016 detached price in the Colchester local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was C.

WESTWOOD Sold Prices

Land registry data shows three sales for WESTWOOD 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 WESTWOOD 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
2016 13 APR	£370,000	£375,677	2% below HPI
2004 25 AUG	£237,500	£261,089	9% below HPI
1997 29 OCT	£73,000	£99,892	27% below HPI

WESTWOOD 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 WESTWOOD sales between October 1997 and April 2016 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 August 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2016 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is WESTWOOD?

WESTWOOD is 85m², which includes two extensions, according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of detached houses in Birch Green, based on EPC data. The below chart shows the distribution of detached houses by size in Birch Green, and where WESTWOOD lies on this distribution: 10% of detached houses are smaller than WESTWOOD, and 90% of houses are larger. Note that EPC data is not available for all properties in Birch Green.

WESTWOOD: Plot and Title Map

WESTWOOD sits on a plot of roughly 0.286 of an acre, or 1,157m². The below map shows the location of WESTWOOD, 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 WESTWOOD). 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 WESTWOOD?

WESTWOOD is located on MILL LANE in BIRCH, in the CO2 postcode district. The below map shows the position of WESTWOOD on MILL LANE.