1, PROVIDENCE PLACE, COLCHESTER, CO1 2LN - £245,000

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 PROVIDENCE PLACE is a very small extended detached house of 77m², built sometime between 1930 and 1949. It was last sold for £245,000 in April 2018, which was around 44% below the average April 2018 detached price in the Colchester local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

1 PROVIDENCE PLACE Sold Prices

Land registry data shows three sales for 1 PROVIDENCE PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 1 PROVIDENCE PLACE 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 30 APR	£245,000	£434,151	44% below HPI
2016 25 NOV	£175,000	£409,775	57% below HPI
2001 28 MAR	£80,000	£151,192	47% below HPI

1 PROVIDENCE PLACE 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 three 1 PROVIDENCE PLACE sales between March 2001 and April 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 November 2016 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the April 2018 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 1 PROVIDENCE PLACE?

1 PROVIDENCE PLACE is 77m², which includes one extension, according to the EPC inspection conducted in July 2024. 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 PROVIDENCE PLACE lies on this distribution: 11% of detached houses are smaller than 1 PROVIDENCE PLACE, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 PROVIDENCE PLACE: Plot and Title Map

1 PROVIDENCE PLACE sits on a plot of roughly 0.042 of an acre, or 172m². The below map shows the location of 1 PROVIDENCE PLACE, 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 PROVIDENCE PLACE). 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 PROVIDENCE PLACE?

1 PROVIDENCE PLACE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 1 on PROVIDENCE PLACE.