1, PROVIDENCE PLACE, COLCHESTER, CO1 2LN - £280,000

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.

1 PROVIDENCE PLACE is a very small extended detached house of 77m², built sometime between 1930 and 1949, which could now be worth an estimated £284,760. It was last sold for £280,000 in August 2024, which was around 43% below the average August 2024 detached price in the Colchester local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

1 PROVIDENCE PLACE Sold Prices

Land registry data shows four sales for 1 PROVIDENCE PLACE 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 1 PROVIDENCE PLACE 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
2024 27 AUG	£280,000	£493,846	43% below HPI
2018 30 APR	£245,000	£435,344	44% below HPI
2016 25 NOV	£175,000	£410,901	57% below HPI
2001 28 MAR	£80,000	£151,608	47% below HPI

1 PROVIDENCE PLACE 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 1 PROVIDENCE PLACE sales between March 2001 and August 2024 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 April 2018 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the August 2024 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 1 PROVIDENCE PLACE be worth now?

1 PROVIDENCE PLACE might now be worth an estimated £284,760.

This is based on house price inflation of 1.7%, between August 2024 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 1.7% inflationary increase is applied to the most recent sale price for 1 PROVIDENCE PLACE of £280,000 on 27th August 2024. For the value to have increased from £280,000 to £284,760 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 1 PROVIDENCE PLACE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2024 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PROVIDENCE PLACE has not materially changed since August 2024.

How Large is 1 PROVIDENCE PLACE?

1 PROVIDENCE PLACE is 77m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 1 PROVIDENCE PLACE lies on this distribution: 11% of detached houses houses are smaller than 1 PROVIDENCE PLACE, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 PROVIDENCE PLACE: Plot and Title Map

1 PROVIDENCE PLACE sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 1 PROVIDENCE PLACE, 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 1 PROVIDENCE PLACE). 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 1 PROVIDENCE PLACE?

1 PROVIDENCE PLACE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 1 on PROVIDENCE PLACE.