2, BEECH TERRACE, COLCHESTER, CO2 8DD - £375,000

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.

2 BEECH TERRACE is a small detached house of 90m², built in 2018, which could now be worth an estimated £442,244. It was last sold for £375,000 in December 2019, which was around 12% below the average December 2019 detached price in the Colchester local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

2 BEECH TERRACE Sold Prices

Land registry data shows two sales for 2 BEECH TERRACE 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 2 BEECH TERRACE 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
2019 9 DEC	£375,000	£426,380	12% below HPI
2018 24 APR	£350,000	£435,344	20% below HPI

2 BEECH TERRACE 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 2 BEECH TERRACE sales from April 2018 and December 2019 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2019 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 BEECH TERRACE be worth now?

2 BEECH TERRACE might now be worth an estimated £442,244.

This is based on house price inflation of 17.9%, between December 2019 and May 2026, 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 17.9% inflationary increase is applied to the most recent sale price for 2 BEECH TERRACE of £375,000 on 9th December 2019. For the value to have increased from £375,000 to £442,244 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 BEECH TERRACE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2019 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BEECH TERRACE has not materially changed since December 2019.

How Large is 2 BEECH TERRACE?

2 BEECH TERRACE is 90m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% 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 2 BEECH TERRACE lies on this distribution: 26% of detached houses houses are smaller than 2 BEECH TERRACE, and 73% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 BEECH TERRACE: Plot and Title Map

2 BEECH TERRACE sits on a plot of roughly 0.186 of an acre, or 754m². The below map shows the location of 2 BEECH TERRACE, 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 2 BEECH TERRACE). 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 2 BEECH TERRACE?

2 BEECH TERRACE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 2 on BEECH TERRACE.