1, PETO AVENUE, COLCHESTER, CO4 5WG - £197,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 PETO AVENUE is a very small extended detached house of 80m², built sometime between 1996 and 2002. It was last sold for £197,000 in December 2005, which was around 27% below the average December 2005 detached price in the Colchester local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

1 PETO AVENUE Sold Prices

Land registry data shows two sales for 1 PETO AVENUE 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 1 PETO AVENUE 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
2005 16 DEC	£197,000	£271,084	27% below HPI
1997 26 SEP	£88,750	£100,032	11% below HPI

1 PETO AVENUE 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 1 PETO AVENUE sales from September 1997 and December 2005 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 September 1997 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2005 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 PETO AVENUE?

1 PETO AVENUE is 80m², which includes two extensions, according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 1 PETO AVENUE lies on this distribution: 14% of detached houses are smaller than 1 PETO AVENUE, and 85% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 PETO AVENUE: Plot and Title Map

1 PETO AVENUE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 1 PETO AVENUE, 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 1 PETO AVENUE). 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 1 PETO AVENUE?

1 PETO AVENUE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 1 on PETO AVENUE.