3, SPENCER ROAD, COLCHESTER, CO2 9FG - £375,000

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 SPENCER ROAD is a very large detached house of 132m², which could now be worth an estimated £417,579. It was last sold for £375,000 in October 2020, which was around 17% below the average October 2020 detached price in the Colchester local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

3 SPENCER ROAD Sold Prices

Land registry data shows three sales for 3 SPENCER 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 Colchester local authority area for the corresponding sale date. All of the three 3 SPENCER 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
2020 23 OCT	£375,000	£451,030	17% below HPI
2013 14 JUN	£250,000	£289,415	14% below HPI
2010 10 SEP	£250,000	£288,685	13% below HPI

3 SPENCER ROAD 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 3 SPENCER ROAD sales between September 2010 and October 2020 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 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 SPENCER ROAD be worth now?

3 SPENCER ROAD might now be worth an estimated £417,579.

This is based on house price inflation of 11.4%, between October 2020 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 11.4% inflationary increase is applied to the most recent sale price for 3 SPENCER ROAD of £375,000 on 23rd October 2020. For the value to have increased from £375,000 to £417,579 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 SPENCER ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPENCER ROAD has not materially changed since October 2020.

How Large is 3 SPENCER ROAD?

3 SPENCER ROAD is 132m² according to the EPC inspection conducted in September 2010. This puts it in the largest 20% of detached houses houses in Berechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Berechurch, and where 3 SPENCER ROAD lies on this distribution: 87% of detached houses houses are smaller than 3 SPENCER ROAD, and 13% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

3 SPENCER ROAD: Plot and Title Map

3 SPENCER ROAD sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 3 SPENCER 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 3 SPENCER 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 3 SPENCER ROAD?

3 SPENCER ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 3 on SPENCER ROAD.