SPRING COTTAGE, LOWER ROAD, PELDON, COLCHESTER, CO5 7PR - £800,000

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.

SPRING COTTAGE is a large extended detached house of 182m², built sometime before 1900, which could now be worth an estimated £905,620. It was last sold for £800,000 in June 2021, which was around 80% above the average June 2021 detached price in the Colchester local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

SPRING COTTAGE Sold Prices

Land registry data shows two sales for SPRING COTTAGE 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 SPRING COTTAGE 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
2021 25 JUN	£800,000	£443,667	80% above HPI
2015 29 OCT	£680,000	£365,659	86% above HPI

SPRING COTTAGE 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 SPRING COTTAGE sales from October 2015 and June 2021 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 2015 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the June 2021 sale, where it falls to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might SPRING COTTAGE be worth now?

SPRING COTTAGE might now be worth an estimated £905,620.

This is based on house price inflation of 13.2%, between June 2021 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 13.2% inflationary increase is applied to the most recent sale price for SPRING COTTAGE of £800,000 on 25th June 2021. For the value to have increased from £800,000 to £905,620 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of SPRING COTTAGE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2021 sale price of £800,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING COTTAGE has not materially changed since June 2021.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 182m², which includes three extensions, according to the EPC inspection conducted in July 2011. This puts it in the largest 40% of detached houses houses in Peldon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peldon, and where SPRING COTTAGE lies on this distribution: 63% of detached houses houses are smaller than SPRING COTTAGE, and 37% of houses are larger. Note that EPC data is not available for all properties in Peldon.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.313 of an acre, or 1,267m². The below map shows the location of SPRING COTTAGE, 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 SPRING COTTAGE). 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 SPRING COTTAGE?

SPRING COTTAGE is located on LOWER ROAD in PELDON, in the CO5 postcode district. The below map shows the position of SPRING COTTAGE on LOWER ROAD.