59, FOUNDRY LANE, EARLS COLNE, COLCHESTER, CO6 2SB - £258,000

59 FOUNDRY LANE is a very small detached house of 45m², built sometime from 2007 onwards. It was last sold for £258,000 in March 2019, which was around 45% below the average March 2019 detached price in the Braintree local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was A.

59 FOUNDRY LANE Sold Prices

Land registry data shows five sales for 59 FOUNDRY LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the five 59 FOUNDRY LANE 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
2019 21 MAR	£258,000	£470,968	45% below HPI
2017 15 SEP	£247,500	£459,674	46% below HPI
2012 28 MAR	£170,000	£300,608	43% below HPI
2003 11 SEP	£198,000	£258,553	23% below HPI
2001 26 SEP	£170,000	£175,879	3% below HPI

59 FOUNDRY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The five 59 FOUNDRY LANE sales between September 2001 and March 2019 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 September 2017 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the March 2019 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 59 FOUNDRY LANE?

59 FOUNDRY LANE is 45m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of detached houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Earls Colne, and where 59 FOUNDRY LANE lies on this distribution: Less than 1% of detached houses are smaller than 59 FOUNDRY LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

59 FOUNDRY LANE: Plot and Title Map

59 FOUNDRY LANE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 59 FOUNDRY LANE, 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 59 FOUNDRY LANE). 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 59 FOUNDRY LANE?

59 FOUNDRY LANE is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 59 on FOUNDRY LANE.