56, THE WILLOWS, COLCHESTER, CO2 8PY - £240,000

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

56 THE WILLOWS is a small extended detached house of 89m², built sometime between 1967 and 1975. It was last sold for £240,000 in July 2022, which was around 53% below the average July 2022 detached price in the Colchester local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

56 THE WILLOWS Sold Prices

Land registry data shows two sales for 56 THE WILLOWS 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 56 THE WILLOWS 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 28 JUL	£240,000	£508,068	53% below HPI
2018 25 MAY	£212,000	£432,704	51% below HPI

56 THE WILLOWS 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 56 THE WILLOWS sales from May 2018 and July 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 May 2018 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the July 2022 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 56 THE WILLOWS?

56 THE WILLOWS is 89m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% 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 THE WILLOWS lies on this distribution: 25% of detached houses are smaller than 56 THE WILLOWS, and 74% of houses are larger. Note that EPC data is not available for all properties in Colchester.

56 THE WILLOWS: Plot and Title Map

56 THE WILLOWS sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 56 THE WILLOWS, 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 THE WILLOWS). 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 THE WILLOWS?

56 THE WILLOWS is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 56 on THE WILLOWS.