FOUR CORNERS, CHURCH LANE, COLCHESTER, CO3 4AE - £212,000

FOUR CORNERS is a very small extended detached house of 66m², built sometime from 2007 onwards. It was last sold for £212,000 in July 2014, which was around 34% below the average July 2014 detached price in the Colchester local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

FOUR CORNERS Sold Prices

Land registry data shows two sales for FOUR CORNERS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two FOUR CORNERS 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
2014 11 JUL	£212,000	£320,393	34% below HPI
2009 12 AUG	£186,000	£259,659	28% below HPI

FOUR CORNERS 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 two FOUR CORNERS sales from August 2009 and July 2014 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 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is FOUR CORNERS?

FOUR CORNERS is 66m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where FOUR CORNERS lies on this distribution: 5% of detached houses are smaller than FOUR CORNERS, and 95% of houses are larger. Note that EPC data is not available for all properties in Colchester.

FOUR CORNERS: Plot and Title Map

FOUR CORNERS sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of FOUR CORNERS, 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 FOUR CORNERS). 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 FOUR CORNERS?

FOUR CORNERS is located on CHURCH LANE in COLCHESTER, in the CO3 postcode district. The below map shows the position of FOUR CORNERS on CHURCH LANE.