56, MARGARET ROAD, COLCHESTER, CO1 1SA - £285,000

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.

56 MARGARET ROAD is a very small detached house of 45m², built sometime between 1950 and 1966, which could now be worth an estimated £492,886. It was last sold for £285,000 in October 2010, which was around 2% below the average October 2010 detached price in the Colchester local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

56 MARGARET ROAD Sold Prices

Land registry data shows three sales for 56 MARGARET 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 56 MARGARET 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
2010 7 OCT	£285,000	£290,410	2% below HPI
2007 9 MAR	£249,000	£293,732	15% below HPI
1996 19 APR	£79,500	£89,114	11% below HPI

56 MARGARET 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 56 MARGARET ROAD sales between April 1996 and October 2010 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 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2010 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 56 MARGARET ROAD be worth now?

56 MARGARET ROAD might now be worth an estimated £492,886.

This is based on house price inflation of 72.9%, between October 2010 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 72.9% inflationary increase is applied to the most recent sale price for 56 MARGARET ROAD of £285,000 on 7th October 2010. For the value to have increased from £285,000 to £492,886 over the fifteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 56 MARGARET ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2010 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 56 MARGARET ROAD has not materially changed since October 2010.

How Large is 56 MARGARET ROAD?

56 MARGARET ROAD is 45m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% 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 56 MARGARET ROAD lies on this distribution: Less than 1% of detached houses houses are smaller than 56 MARGARET ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

56 MARGARET ROAD: Plot and Title Map

56 MARGARET ROAD sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 56 MARGARET 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 56 MARGARET 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 56 MARGARET ROAD?

56 MARGARET ROAD is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 56 on MARGARET ROAD.