31, WELLS ROAD, COLCHESTER, CO1 2YW - £430,000

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

31 WELLS ROAD is a large extended detached house of 148m², built sometime between 1967 and 1975. It was last sold for £430,000 in September 2020, which was around 1% below the average September 2020 detached price in the Colchester local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

31 WELLS ROAD Sold Prices

Land registry data shows two sales for 31 WELLS ROAD 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. One of the two 31 WELLS ROAD sales was for below the average price, whilst the other was for above 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 18 SEP	£430,000	£434,672	1% below HPI
2007 14 SEP	£329,995	£306,812	8% above HPI

31 WELLS 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 two 31 WELLS ROAD sales from September 2007 and September 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 September 2007 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 31 WELLS ROAD?

31 WELLS ROAD is 148m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 31 WELLS ROAD lies on this distribution: 79% of detached houses are smaller than 31 WELLS ROAD, and 21% of houses are larger. Note that EPC data is not available for all properties in Colchester.

31 WELLS ROAD: Plot and Title Map

31 WELLS ROAD sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 31 WELLS 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 31 WELLS 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 31 WELLS ROAD?

31 WELLS ROAD is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 31 on WELLS ROAD.