2, WYCH ELM, COLCHESTER, CO2 8PR - £242,000

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 WYCH ELM is a small extended detached house of 96m², built sometime between 1967 and 1975, which could now be worth an estimated £323,450. It was last sold for £242,000 in February 2016, which was around 36% below the average February 2016 detached price in the Colchester local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

2 WYCH ELM Sold Prices

Land registry data shows three sales for 2 WYCH ELM 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 2 WYCH ELM 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
2016 15 FEB	£242,000	£375,769	36% below HPI
2001 30 AUG	£119,000	£168,261	29% below HPI
1997 19 DEC	£63,000	£100,986	38% below HPI

2 WYCH ELM 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 2 WYCH ELM sales between December 1997 and February 2016 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 August 2001 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2016 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 2 WYCH ELM be worth now?

2 WYCH ELM might now be worth an estimated £323,450.

This is based on house price inflation of 33.7%, between February 2016 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.7% inflationary increase is applied to the most recent sale price for 2 WYCH ELM of £242,000 on 15th February 2016. For the value to have increased from £242,000 to £323,450 over the nine years to February 2025, the following assumptions must hold true:

• The value of 2 WYCH ELM has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2016 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WYCH ELM has not materially changed since February 2016.

How Large is 2 WYCH ELM?

2 WYCH ELM is 96m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 2 WYCH ELM lies on this distribution: 33% of detached houses houses are smaller than 2 WYCH ELM, and 66% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 WYCH ELM: Plot and Title Map

2 WYCH ELM sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 2 WYCH ELM, 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 WYCH ELM). 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 WYCH ELM?

2 WYCH ELM is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 2 on WYCH ELM.