10, SPRING LANE, COLCHESTER, CO3 4AN - £625,000

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

10 SPRING LANE is a very large extended detached house of 277m², built sometime between 2007 and 2011. It was last sold for £625,000 in May 2009, which was around 171% above the average May 2009 detached price in the Colchester local authority area. The most recent EPC inspection was March 2024, where the current energy rating was B, and the potential energy rating was B.

10 SPRING LANE Sold Prices

Land registry data shows two sales for 10 SPRING LANE 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 10 SPRING LANE 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
2009 28 MAY	£625,000	£230,428	171% above HPI
2006 15 SEP	£415,000	£283,645	46% above HPI

10 SPRING LANE 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 10 SPRING LANE sales from September 2006 and May 2009 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 2006 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the May 2009 sale, where it rises to 171% above the HPI. The line then continues to track at 171% above the HPI.

How Large is 10 SPRING LANE?

10 SPRING LANE is 277m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the largest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 10 SPRING LANE lies on this distribution: 99% of detached houses are smaller than 10 SPRING LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Colchester.

10 SPRING LANE: Plot and Title Map

10 SPRING LANE sits on a plot of roughly 0.426 of an acre, or 1,725m². The below map shows the location of 10 SPRING LANE, 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 10 SPRING LANE). 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 10 SPRING LANE?

10 SPRING LANE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 10 on SPRING LANE.