12, WESLEY AVENUE, COLCHESTER, CO4 3AT - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 WESLEY AVENUE is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £245,000 in March 2021, which was around 44% below the average March 2021 detached price in the Colchester local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

12 WESLEY AVENUE Sold Prices

Land registry data shows four sales for 12 WESLEY AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 12 WESLEY 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
2021 12 MAR	£245,000	£438,624	44% below HPI
2017 17 FEB	£212,000	£415,133	49% below HPI
2006 27 OCT	£169,995	£287,861	41% below HPI
1996 22 OCT	£47,000	£90,937	48% below HPI

12 WESLEY 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 four 12 WESLEY AVENUE sales between October 1996 and March 2021 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 February 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the March 2021 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 12 WESLEY AVENUE?

12 WESLEY AVENUE is 66m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 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 12 WESLEY AVENUE lies on this distribution: 5% of detached houses are smaller than 12 WESLEY AVENUE, and 95% of houses are larger. Note that EPC data is not available for all properties in Colchester.

12 WESLEY AVENUE: Plot and Title Map

12 WESLEY AVENUE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 12 WESLEY 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 12 WESLEY 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 12 WESLEY AVENUE?

12 WESLEY AVENUE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 12 on WESLEY AVENUE.