2, HERRICK PLACE, COLCHESTER, CO3 4HP - £415,000

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

2 HERRICK PLACE is a midsized extended detached house of 112m², built sometime between 1950 and 1966. It was last sold for £415,000 in April 2024, which was around 15% below the average April 2024 detached price in the Colchester local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

2 HERRICK PLACE Sold Prices

Land registry data shows two sales for 2 HERRICK PLACE 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 2 HERRICK 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
2024 5 APR	£415,000	£488,496	15% below HPI
2019 4 JAN	£315,000	£439,158	28% below HPI

2 HERRICK 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 two 2 HERRICK PLACE sales from January 2019 and April 2024 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 January 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2024 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 HERRICK PLACE?

2 HERRICK PLACE is 112m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 HERRICK PLACE lies on this distribution: 50% of detached houses are smaller than 2 HERRICK PLACE, and 49% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 HERRICK PLACE: Plot and Title Map

2 HERRICK PLACE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 2 HERRICK 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 2 HERRICK 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 2 HERRICK PLACE?

2 HERRICK PLACE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 2 on HERRICK PLACE.