3, WYCH ELM, COLCHESTER, CO2 8PR - £355,000

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

3 WYCH ELM is a very small extended detached house of 82m², built sometime between 1967 and 1975. It was last sold for £355,000 in July 2022, which was around 30% below the average July 2022 detached price in the Colchester local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was B.

3 WYCH ELM Sold Prices

Land registry data shows two sales for 3 WYCH ELM 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 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
2022 6 JUL	£355,000	£508,068	30% below HPI
2020 26 JUN	£230,000	£433,599	47% below HPI

3 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 two 3 WYCH ELM sales from June 2020 and July 2022 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 2020 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the July 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 WYCH ELM?

3 WYCH ELM is 82m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 3 WYCH ELM lies on this distribution: 16% of detached houses are smaller than 3 WYCH ELM, and 83% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 WYCH ELM: Plot and Title Map

3 WYCH ELM sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 3 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 3 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 3 WYCH ELM?

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