41, BOURNE ROAD, COLCHESTER, CO2 7LT - £320,000

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

41 BOURNE ROAD is a very small extended detached house of 77m², built sometime between 1900 and 1929. It was last sold for £320,000 in February 2022, which was around 34% below the average February 2022 detached price in the Colchester local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was B.

41 BOURNE ROAD Sold Prices

Land registry data shows three sales for 41 BOURNE 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 41 BOURNE 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
2022 18 FEB	£320,000	£485,508	34% below HPI
2017 10 MAR	£258,000	£411,549	37% below HPI
1996 31 JUL	£59,000	£91,361	35% below HPI

41 BOURNE 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 41 BOURNE ROAD sales between July 1996 and February 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 March 2017 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 41 BOURNE ROAD?

41 BOURNE ROAD is 77m², which includes two extensions, according to the EPC inspection conducted in July 2016. 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 41 BOURNE ROAD lies on this distribution: 11% of detached houses are smaller than 41 BOURNE ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

41 BOURNE ROAD: Plot and Title Map

41 BOURNE ROAD sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 41 BOURNE 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 41 BOURNE 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 41 BOURNE ROAD?

41 BOURNE ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 41 on BOURNE ROAD.