DRACO, BACK LANE EAST, GREAT BROMLEY, COLCHESTER, CO7 7UE - £320,000

DRACO is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £320,000 in September 2019, which was around 6% above the average September 2019 detached price in the Tendring local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

DRACO Sold Prices

Land registry data shows two sales for DRACO since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tendring local authority area for the corresponding sale date. Both of the two DRACO sales 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
2019 27 SEP	£320,000	£300,778	6% above HPI
2015 13 JAN	£235,000	£223,974	5% above HPI

DRACO Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The two DRACO sales from January 2015 and September 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 January 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2019 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is DRACO?

DRACO is 69m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% of detached houses in Hare Green, based on EPC data. The below chart shows the distribution of detached houses by size in Hare Green, and where DRACO lies on this distribution: 19% of detached houses are smaller than DRACO, and 81% of houses are larger. Note that EPC data is not available for all properties in Hare Green.

DRACO: Plot and Title Map

DRACO sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of DRACO, 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 DRACO). 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 DRACO?

DRACO is located on BACK LANE EAST in GREAT BROMLEY, in the CO7 postcode district. The below map shows the position of DRACO on BACK LANE EAST.