THE LILACS, STRAIGHT ROAD, BOXTED, COLCHESTER, CO4 5QZ - £250,000

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.

THE LILACS is a very small extended detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £382,720. It was last sold for £250,000 in September 2014, which was around 24% below the average September 2014 detached price in the Colchester local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was D.

THE LILACS Sold Prices

Land registry data shows two sales for THE LILACS 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 THE LILACS 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 29 SEP	£250,000	£328,074	24% below HPI
1998 9 DEC	£97,500	£112,052	13% below HPI

THE LILACS 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 THE LILACS sales from December 1998 and September 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 December 1998 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might THE LILACS be worth now?

THE LILACS might now be worth an estimated £382,720.

This is based on house price inflation of 53.1%, between September 2014 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 53.1% inflationary increase is applied to the most recent sale price for THE LILACS of £250,000 on 29th September 2014. For the value to have increased from £250,000 to £382,720 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of THE LILACS has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of THE LILACS has not materially changed since September 2014.

How Large is THE LILACS?

THE LILACS is 92m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses houses in Boxted, based on EPC data. The below chart shows the distribution of detached houses houses by size in Boxted, and where THE LILACS lies on this distribution: 8% of detached houses houses are smaller than THE LILACS, and 92% of houses are larger. Note that EPC data is not available for all properties in Boxted.

THE LILACS: Plot and Title Map

THE LILACS sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of THE LILACS, 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 THE LILACS). 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 THE LILACS?

THE LILACS is located on STRAIGHT ROAD in BOXTED, in the CO4 postcode district. The below map shows the position of THE LILACS on STRAIGHT ROAD.