2, SPRING ROAD, BRIGHTLINGSEA, COLCHESTER, CO7 0PJ - £455,000

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 SPRING ROAD is a very large detached house of 241m², built sometime before 1900, which could now be worth an estimated £558,614. It was last sold for £455,000 in August 2019, which was around 45% above the average August 2019 detached price in the Tendring local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

2 SPRING ROAD Sold Prices

Land registry data shows two sales for 2 SPRING ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tendring local authority area for the corresponding sale date. Both of the two 2 SPRING ROAD 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
2019 28 AUG	£455,000	£312,977	45% above HPI
2003 30 OCT	£315,000	£191,328	65% above HPI

2 SPRING ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The two 2 SPRING ROAD sales from October 2003 and August 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 October 2003 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the August 2019 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 2 SPRING ROAD be worth now?

2 SPRING ROAD might now be worth an estimated £558,614.

This is based on house price inflation of 22.8%, between August 2019 and August 2025, for detached houses, in the Tendring local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for 2 SPRING ROAD of £455,000 on 28th August 2019. For the value to have increased from £455,000 to £558,614 over the six years to August 2025, the following assumptions must hold true:

• The value of 2 SPRING ROAD has moved in line with the HPI for detached houses in the Tendring local authority area.
• The August 2019 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRING ROAD has not materially changed since August 2019.

How Large is 2 SPRING ROAD?

2 SPRING ROAD is 241m² according to the EPC inspection conducted in September 2014. This puts it in the largest 10% of detached houses houses in Brightlingsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brightlingsea, and where 2 SPRING ROAD lies on this distribution: 98% of detached houses houses are smaller than 2 SPRING ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Brightlingsea.

2 SPRING ROAD: Plot and Title Map

2 SPRING ROAD sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 2 SPRING ROAD, 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 SPRING ROAD). 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 SPRING ROAD?

2 SPRING ROAD is located in BRIGHTLINGSEA, in the CO7 postcode district. The below map shows the position of No. 2 on SPRING ROAD.