2, MONKS ROAD, EARLS COLNE, COLCHESTER, CO6 2RY - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MONKS ROAD is a small detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £462,518. It was last sold for £400,000 in May 2021, which was around 20% below the average May 2021 detached price in the Braintree local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

2 MONKS ROAD Sold Prices

Land registry data shows three sales for 2 MONKS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 2 MONKS ROAD 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 18 MAY	£400,000	£499,462	20% below HPI
2017 29 JUN	£325,000	£474,540	32% below HPI
2009 10 JUL	£235,000	£281,725	17% below HPI

2 MONKS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The three 2 MONKS ROAD sales between July 2009 and May 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 June 2017 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 MONKS ROAD be worth now?

2 MONKS ROAD might now be worth an estimated £462,518.

This is based on house price inflation of 15.6%, between May 2021 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.6% inflationary increase is applied to the most recent sale price for 2 MONKS ROAD of £400,000 on 18th May 2021. For the value to have increased from £400,000 to £462,518 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 2 MONKS ROAD has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2021 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MONKS ROAD has not materially changed since May 2021.

How Large is 2 MONKS ROAD?

2 MONKS ROAD is 88m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earls Colne, and where 2 MONKS ROAD lies on this distribution: 25% of detached houses houses are smaller than 2 MONKS ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

2 MONKS ROAD: Plot and Title Map

2 MONKS ROAD sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 2 MONKS ROAD, 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 MONKS ROAD). 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 MONKS ROAD?

2 MONKS ROAD is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 2 on MONKS ROAD.