45, PEACE ROAD, STANWAY, COLCHESTER, CO3 0HL - £350,000

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

45 PEACE ROAD is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £350,000 in November 2016, which was around 15% below the average November 2016 detached price in the Colchester local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

45 PEACE ROAD Sold Prices

Land registry data shows three sales for 45 PEACE 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 45 PEACE 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
2016 25 NOV	£350,000	£409,775	15% below HPI
2009 2 OCT	£240,000	£266,955	10% below HPI
1997 14 JAN	£70,000	£91,736	24% below HPI

45 PEACE 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 45 PEACE ROAD sales between January 1997 and November 2016 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 October 2009 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 45 PEACE ROAD?

45 PEACE ROAD is 114m², which includes two extensions, according to the EPC inspection conducted in November 2014. This puts it in the largest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 45 PEACE ROAD lies on this distribution: 53% of detached houses are smaller than 45 PEACE ROAD, and 46% of houses are larger. Note that EPC data is not available for all properties in Colchester.

45 PEACE ROAD: Plot and Title Map

45 PEACE ROAD sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 45 PEACE 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 45 PEACE 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 45 PEACE ROAD?

45 PEACE ROAD is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 45 on PEACE ROAD.