PROVIDENCE, BIRCH STREET, BIRCH, COLCHESTER, CO2 0NN - £725,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PROVIDENCE is a large extended detached house of 171m², built sometime from 2007 onwards, which could now be worth an estimated £731,142. It was last sold for £725,000 in May 2022, which was around 46% above the average May 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

PROVIDENCE Sold Prices

Land registry data shows two sales for PROVIDENCE 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 PROVIDENCE 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
2022 31 MAY	£725,000	£498,023	46% above HPI
2019 18 DEC	£620,000	£426,380	45% above HPI

PROVIDENCE 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 PROVIDENCE sales from December 2019 and May 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 December 2019 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the May 2022 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might PROVIDENCE be worth now?

PROVIDENCE might now be worth an estimated £731,142.

This is based on house price inflation of 0.8%, between May 2022 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% inflationary increase is applied to the most recent sale price for PROVIDENCE of £725,000 on 31st May 2022. For the value to have increased from £725,000 to £731,142 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of PROVIDENCE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2022 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of PROVIDENCE has not materially changed since May 2022.

How Large is PROVIDENCE?

PROVIDENCE is 171m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses houses in Birch Green, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birch Green, and where PROVIDENCE lies on this distribution: 74% of detached houses houses are smaller than PROVIDENCE, and 26% of houses are larger. Note that EPC data is not available for all properties in Birch Green.

PROVIDENCE: Plot and Title Map

PROVIDENCE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of PROVIDENCE, 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 PROVIDENCE). 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 PROVIDENCE?

PROVIDENCE is located on BIRCH STREET in BIRCH, in the CO2 postcode district. The below map shows the position of PROVIDENCE on BIRCH STREET.