9, WELLS ROAD, COLCHESTER, CO1 2YN - £302,000

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

9 WELLS ROAD is a midsized extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £302,000 in April 2017, which was around 28% below the average April 2017 detached price in the Colchester local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was D.

9 WELLS ROAD Sold Prices

Land registry data shows four sales for 9 WELLS 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 9 WELLS 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
2017 28 APR	£302,000	£418,366	28% below HPI
2014 2 DEC	£256,500	£338,067	24% below HPI
2012 7 DEC	£225,000	£290,154	22% below HPI
2009 18 DEC	£195,000	£271,025	28% below HPI

9 WELLS 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 9 WELLS ROAD sales between December 2009 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 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 9 WELLS ROAD?

9 WELLS ROAD is 106m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 9 WELLS ROAD lies on this distribution: 43% of detached houses are smaller than 9 WELLS ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Colchester.

9 WELLS ROAD: Plot and Title Map

9 WELLS ROAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 9 WELLS 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 9 WELLS 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 9 WELLS ROAD?

9 WELLS ROAD is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 9 on WELLS ROAD.