WHEATLANDS, CHURCH ROAD, PELDON, COLCHESTER, CO5 7PT - £520,000

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

WHEATLANDS is a very large detached house of 300m², built in 2018. It was last sold for £520,000 in February 2018, which was around 20% above the average February 2018 detached price in the Colchester local authority area. The most recent EPC inspection was July 2021, where the current energy rating was B, and the potential energy rating was B.

WHEATLANDS Sold Prices

Land registry data shows two sales for WHEATLANDS 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 WHEATLANDS 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
2018 16 FEB	£520,000	£435,030	20% above HPI
2005 16 DEC	£465,000	£271,084	72% above HPI

WHEATLANDS 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 WHEATLANDS sales from December 2005 and February 2018 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 2005 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the February 2018 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is WHEATLANDS?

WHEATLANDS is 300m² according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Peldon, based on EPC data. The below chart shows the distribution of detached houses by size in Peldon, and where WHEATLANDS lies on this distribution: 98% of detached houses are smaller than WHEATLANDS, and 2% of houses are larger. Note that EPC data is not available for all properties in Peldon.

WHEATLANDS: Plot and Title Map

WHEATLANDS sits on a plot of roughly 2.2 acres, or 8,991m². The below map shows the location of WHEATLANDS, 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 WHEATLANDS). 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 WHEATLANDS?

WHEATLANDS is located on CHURCH ROAD in PELDON, in the CO5 postcode district. The below map shows the position of WHEATLANDS on CHURCH ROAD.