7, THE AVENUE, WIVENHOE, COLCHESTER, CO7 9AH - £507,500

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

7 THE AVENUE is a midsized detached house of 106m², built sometime between 1950 and 1966. It was last sold for £507,500 in April 2017, which was around 21% above the average April 2017 detached price in the Colchester local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

7 THE AVENUE Sold Prices

Land registry data shows two sales for 7 THE 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 7 THE AVENUE 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
2017 20 APR	£507,500	£418,366	21% above HPI
1995 15 DEC	£113,000	£87,387	29% above HPI

7 THE 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 7 THE AVENUE sales from December 1995 and April 2017 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 December 1995 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the April 2017 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 7 THE AVENUE?

7 THE AVENUE is 106m² according to the EPC inspection conducted in November 2015. This puts it in the largest 50% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where 7 THE AVENUE lies on this distribution: 51% of detached houses are smaller than 7 THE AVENUE, and 48% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

7 THE AVENUE: Plot and Title Map

7 THE AVENUE sits on a plot of roughly 0.234 of an acre, or 947m². The below map shows the location of 7 THE 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 7 THE 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 7 THE AVENUE?

7 THE AVENUE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 7 on THE AVENUE.