57, RICHARD AVENUE, WIVENHOE, COLCHESTER, CO7 9JQ - £290,000

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

57 RICHARD AVENUE is a very small extended detached house of 67m², built sometime between 1976 and 1982. It was last sold for £290,000 in March 2024, which was around 41% below the average March 2024 detached price in the Colchester local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

57 RICHARD AVENUE Sold Prices

Land registry data shows two sales for 57 RICHARD AVENUE 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 57 RICHARD AVENUE 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
2024 28 MAR	£290,000	£492,452	41% below HPI
1999 14 JUN	£73,995	£116,881	37% below HPI

57 RICHARD AVENUE 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 57 RICHARD AVENUE sales from June 1999 and March 2024 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 June 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 57 RICHARD AVENUE?

57 RICHARD AVENUE is 67m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 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 57 RICHARD AVENUE lies on this distribution: 7% of detached houses are smaller than 57 RICHARD AVENUE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

57 RICHARD AVENUE: Plot and Title Map

57 RICHARD AVENUE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 57 RICHARD AVENUE, 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 57 RICHARD AVENUE). 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 57 RICHARD AVENUE?

57 RICHARD AVENUE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 57 on RICHARD AVENUE.