LUCY COTTAGE, LUCY LANE NORTH, STANWAY, COLCHESTER, CO3 0JQ - £410,000

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.

LUCY COTTAGE is a very large extended detached house of 152m², built sometime between 1950 and 1966, which could now be worth an estimated £473,378. It was last sold for £410,000 in June 2018, which was around 5% below the average June 2018 detached price in the Colchester local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

LUCY COTTAGE Sold Prices

Land registry data shows two sales for LUCY COTTAGE 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 LUCY COTTAGE 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
2018 8 JUN	£410,000	£433,217	5% below HPI
1996 12 JAN	£57,000	£88,533	36% below HPI

LUCY COTTAGE 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 LUCY COTTAGE sales from January 1996 and June 2018 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 1996 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2018 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might LUCY COTTAGE be worth now?

LUCY COTTAGE might now be worth an estimated £473,378.

This is based on house price inflation of 15.5%, between June 2018 and October 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 15.5% inflationary increase is applied to the most recent sale price for LUCY COTTAGE of £410,000 on 8th June 2018. For the value to have increased from £410,000 to £473,378 over the six years and eight months to October 2025, the following assumptions must hold true:

• The value of LUCY COTTAGE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2018 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of LUCY COTTAGE has not materially changed since June 2018.

How Large is LUCY COTTAGE?

LUCY COTTAGE is 152m², which includes three extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where LUCY COTTAGE lies on this distribution: 81% of detached houses houses are smaller than LUCY COTTAGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Colchester.

LUCY COTTAGE: Plot and Title Map

LUCY COTTAGE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of LUCY COTTAGE, 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 LUCY COTTAGE). 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 LUCY COTTAGE?

LUCY COTTAGE is located on LUCY LANE NORTH in STANWAY, in the CO3 postcode district. The below map shows the position of LUCY COTTAGE on LUCY LANE NORTH.