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

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 WYCH ELM is a very small extended detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £349,968. 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	£509,464	30% below HPI
2020 26 JUN	£230,000	£434,790	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.

What might 3 WYCH ELM be worth now?

3 WYCH ELM might now be worth an estimated £349,968.

This is based on house price deflation of 1.4%, between July 2022 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 1.4% deflationary decrease is applied to the most recent sale price for 3 WYCH ELM of £355,000 on 6th July 2022. For the value to have decreased from £355,000 to £349,968 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 3 WYCH ELM has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2022 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WYCH ELM has not materially changed since July 2022.

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 houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 3 WYCH ELM lies on this distribution: 16% of detached houses 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.