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

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

56 MARGARET ROAD is a very small detached house of 45m², built sometime between 1950 and 1966. 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	£289,614	2% below HPI
2007 9 MAR	£249,000	£292,927	15% below HPI
1996 19 APR	£79,500	£88,870	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.

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 in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 56 MARGARET ROAD lies on this distribution: Less than 1% of detached 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.