18, WESLEY AVENUE, COLCHESTER, CO4 3AT - £365,000

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

18 WESLEY AVENUE is a very small extended detached house of 78m², built sometime between 1950 and 1966. It was last sold for £365,000 in July 2023, which was around 28% below the average July 2023 detached price in the Colchester local authority area. The most recent EPC inspection was November 2012, where the current energy rating was E, and the potential energy rating was B.

18 WESLEY AVENUE Sold Prices

Land registry data shows three sales for 18 WESLEY AVENUE 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 18 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
2023 18 JUL	£365,000	£503,500	28% below HPI
2017 15 DEC	£245,000	£435,048	44% below HPI
2013 16 SEP	£175,000	£299,937	42% below HPI

18 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 three 18 WESLEY AVENUE sales between September 2013 and July 2023 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 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 18 WESLEY AVENUE?

18 WESLEY AVENUE is 78m², which includes one extension, according to the EPC inspection conducted in November 2012. 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 18 WESLEY AVENUE lies on this distribution: 11% of detached houses are smaller than 18 WESLEY AVENUE, and 88% of houses are larger. Note that EPC data is not available for all properties in Colchester.

18 WESLEY AVENUE: Plot and Title Map

18 WESLEY AVENUE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 18 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 18 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 18 WESLEY AVENUE?

18 WESLEY AVENUE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 18 on WESLEY AVENUE.