56, LAYER ROAD, COLCHESTER, CO2 7JH - £520,000

56 LAYER ROAD is a large detached house of 142m², built sometime between 1930 and 1949. It was last sold for £520,000 in November 2022, which was around 5% below the average November 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

56 LAYER ROAD Sold Prices

Land registry data shows five sales for 56 LAYER ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Most of the five 56 LAYER ROAD 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
2022 4 NOV	£520,000	£550,071	5% below HPI
2015 11 JUN	£358,000	£346,020	3% above HPI
2010 6 APR	£248,000	£283,357	12% below HPI
2007 23 MAR	£240,000	£292,927	18% below HPI
1997 3 OCT	£54,950	£99,892	45% below HPI

56 LAYER ROAD 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 five 56 LAYER ROAD sales between October 1997 and November 2022 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 June 2015 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 56 LAYER ROAD?

56 LAYER ROAD is 142m² according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 56 LAYER ROAD lies on this distribution: 76% of detached houses are smaller than 56 LAYER ROAD, and 23% of houses are larger. Note that EPC data is not available for all properties in Colchester.

56 LAYER ROAD: Plot and Title Map

56 LAYER ROAD sits on a plot of roughly 0.176 of an acre, or 713m². The below map shows the location of 56 LAYER ROAD, 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 56 LAYER ROAD). 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 56 LAYER ROAD?

56 LAYER ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 56 on LAYER ROAD.