HILLCREST, LAYER BRETON HILL, LAYER BRETON, COLCHESTER, CO2 0PP - £550,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HILLCREST is a large extended detached house of 175m², built sometime between 1950 and 1966, which could now be worth an estimated £612,450. It was last sold for £550,000 in October 2020, which was around 22% above the average October 2020 detached price in the Colchester local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

HILLCREST Sold Prices

Land registry data shows four sales for HILLCREST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four HILLCREST 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
2020 21 OCT	£550,000	£451,030	22% above HPI
2018 20 AUG	£535,000	£437,321	22% above HPI
2000 23 AUG	£241,000	£146,379	65% above HPI
1996 15 JUL	£135,000	£91,612	47% above HPI

HILLCREST 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 four HILLCREST sales between July 1996 and October 2020 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 2018 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the October 2020 sale, which was also at 22% above the HPI.

What might HILLCREST be worth now?

HILLCREST might now be worth an estimated £612,450.

This is based on house price inflation of 11.4%, between October 2020 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.4% inflationary increase is applied to the most recent sale price for HILLCREST of £550,000 on 21st October 2020. For the value to have increased from £550,000 to £612,450 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of HILLCREST has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of HILLCREST has not materially changed since October 2020.

How Large is HILLCREST?

HILLCREST is 175m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 30% of detached houses houses in Layer Breton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Layer Breton, and where HILLCREST lies on this distribution: 72% of detached houses houses are smaller than HILLCREST, and 28% of houses are larger. Note that EPC data is not available for all properties in Layer Breton.

HILLCREST: Plot and Title Map

HILLCREST sits on a plot of roughly 0.189 of an acre, or 766m². The below map shows the location of HILLCREST, 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 HILLCREST). 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 HILLCREST?

HILLCREST is located on LAYER BRETON HILL in LAYER BRETON, in the CO2 postcode district. The below map shows the position of HILLCREST on LAYER BRETON HILL.