89, PEACE ROAD, STANWAY, COLCHESTER, CO3 0HW - £347,000

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

89 PEACE ROAD is a small extended detached house of 94m², built sometime between 1967 and 1975. It was last sold for £347,000 in March 2023, which was around 34% below the average March 2023 detached price in the Colchester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

89 PEACE ROAD Sold Prices

Land registry data shows four sales for 89 PEACE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 89 PEACE 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
2023 3 MAR	£347,000	£524,602	34% below HPI
2022 21 OCT	£407,000	£521,058	22% below HPI
2014 31 OCT	£262,000	£333,306	21% below HPI
2001 18 MAY	£128,000	£156,204	18% below HPI

89 PEACE 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 four 89 PEACE ROAD sales between May 2001 and March 2023 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 October 2022 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 89 PEACE ROAD?

89 PEACE ROAD is 94m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the smallest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 89 PEACE ROAD lies on this distribution: 31% of detached houses are smaller than 89 PEACE ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Colchester.

89 PEACE ROAD: Plot and Title Map

89 PEACE ROAD sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 89 PEACE 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 89 PEACE 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 89 PEACE ROAD?

89 PEACE ROAD is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 89 on PEACE ROAD.