3, PRINCEL LANE, DEDHAM, COLCHESTER, CO7 6HD - £240,000

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.

3 PRINCEL LANE is a very small detached house of 71m², built sometime between 1900 and 1929, which could now be worth an estimated £320,777. It was last sold for £240,000 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 May 2015, where the current energy rating was E, and the potential energy rating was B.

3 PRINCEL LANE Sold Prices

Land registry data shows two sales for 3 PRINCEL LANE 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 3 PRINCEL LANE 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 19 FEB	£240,000	£375,769	36% below HPI
1997 15 JAN	£70,000	£91,988	24% below HPI

3 PRINCEL LANE 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 3 PRINCEL LANE sales from January 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 January 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% 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 3 PRINCEL LANE be worth now?

3 PRINCEL LANE might now be worth an estimated £320,777.

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 3 PRINCEL LANE of £240,000 on 19th February 2016. For the value to have increased from £240,000 to £320,777 over the nine years to February 2025, the following assumptions must hold true:

• The value of 3 PRINCEL LANE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PRINCEL LANE has not materially changed since February 2016.

How Large is 3 PRINCEL LANE?

3 PRINCEL LANE is 71m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Dedham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dedham, and where 3 PRINCEL LANE lies on this distribution: 12% of detached houses houses are smaller than 3 PRINCEL LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Dedham.

3 PRINCEL LANE: Plot and Title Map

3 PRINCEL LANE sits on a plot of roughly 0.021 of an acre, or 83m². The below map shows the location of 3 PRINCEL LANE, 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 3 PRINCEL LANE). 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 3 PRINCEL LANE?

3 PRINCEL LANE is located in DEDHAM, in the CO7 postcode district. The below map shows the position of No. 3 on PRINCEL LANE.