2, ELY GARDENS, COLCHESTER, CO1 2YB - £325,000

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 ELY GARDENS is a large extended detached house of 143m², built sometime between 2003 and 2006, which could now be worth an estimated £543,362. It was last sold for £325,000 in September 2013, which was around 8% above the average September 2013 detached price in the Colchester local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

2 ELY GARDENS Sold Prices

Land registry data shows two sales for 2 ELY GARDENS 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 ELY GARDENS 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
2013 20 SEP	£325,000	£300,761	8% above HPI
2007 10 MAY	£320,000	£296,587	8% above HPI

2 ELY GARDENS 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 ELY GARDENS sales from May 2007 and September 2013 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 May 2007 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2013 sale, which was also at 8% above the HPI.

What might 2 ELY GARDENS be worth now?

2 ELY GARDENS might now be worth an estimated £543,362.

This is based on house price inflation of 67.2%, between September 2013 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 67.2% inflationary increase is applied to the most recent sale price for 2 ELY GARDENS of £325,000 on 20th September 2013. For the value to have increased from £325,000 to £543,362 over the thirteen years and four months to May 2026, the following assumptions must hold true:

• The value of 2 ELY GARDENS has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2013 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELY GARDENS has not materially changed since September 2013.

How Large is 2 ELY GARDENS?

2 ELY GARDENS is 143m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 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 ELY GARDENS lies on this distribution: 76% of detached houses houses are smaller than 2 ELY GARDENS, and 23% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 ELY GARDENS: Plot and Title Map

2 ELY GARDENS sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 2 ELY GARDENS, 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 ELY GARDENS). 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 ELY GARDENS?

2 ELY GARDENS is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 2 on ELY GARDENS.