5, PALMER GARDENS, WIVENHOE, COLCHESTER, CO7 9FL - £1,010,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 PALMER GARDENS is a very large detached house of 306m². It was last sold for £1,010,000 in February 2022, which was around 108% above the average February 2022 detached price in the Colchester local authority area. The most recent EPC inspection was November 2013, where the current energy rating was B, and the potential energy rating was B.

5 PALMER GARDENS Sold Prices

Land registry data shows two sales for 5 PALMER GARDENS 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 5 PALMER GARDENS sales were 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
2022 25 FEB	£1,010,000	£485,508	108% above HPI
2014 29 JAN	£775,000	£304,941	154% above HPI

5 PALMER GARDENS 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 5 PALMER GARDENS sales from January 2014 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 January 2014 sale was for 154% above the HPI. So the extrapolation line tracks at 154% above the HPI over time, until the February 2022 sale, where it falls to 108% above the HPI. The line then continues to track at 108% above the HPI.

How Large is 5 PALMER GARDENS?

5 PALMER GARDENS is 306m² according to the EPC inspection conducted in November 2013. This puts it in the largest 10% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where 5 PALMER GARDENS lies on this distribution: 99% of detached houses are smaller than 5 PALMER GARDENS, and 1% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

5 PALMER GARDENS: Plot and Title Map

5 PALMER GARDENS sits on a plot of roughly 0.290 of an acre, or 1,175m². The below map shows the location of 5 PALMER GARDENS, 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 5 PALMER GARDENS). 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 5 PALMER GARDENS?

5 PALMER GARDENS is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 5 on PALMER GARDENS.