278, OLD HEATH ROAD, COLCHESTER, CO2 8BW - £195,000

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.

278 OLD HEATH ROAD is a very small terraced house of 62m², built sometime between 1900 and 1929, which could now be worth an estimated £224,340. It was last sold for £195,000 in September 2019, which was around 15% below the average September 2019 terraced price in the Colchester local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

278 OLD HEATH ROAD Sold Prices

Land registry data shows two sales for 278 OLD HEATH ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Both of the two 278 OLD HEATH ROAD 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 23 SEP	£195,000	£229,164	15% below HPI
2016 25 JAN	£158,500	£195,253	19% below HPI

278 OLD HEATH ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The two 278 OLD HEATH ROAD sales from January 2016 and September 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 January 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 278 OLD HEATH ROAD be worth now?

278 OLD HEATH ROAD might now be worth an estimated £224,340.

This is based on house price inflation of 15%, between September 2019 and July 2025, for terraced 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 15% inflationary increase is applied to the most recent sale price for 278 OLD HEATH ROAD of £195,000 on 23rd September 2019. For the value to have increased from £195,000 to £224,340 over the six years and two months to July 2025, the following assumptions must hold true:

• The value of 278 OLD HEATH ROAD has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The September 2019 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 278 OLD HEATH ROAD has not materially changed since September 2019.

How Large is 278 OLD HEATH ROAD?

278 OLD HEATH ROAD is 62m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 278 OLD HEATH ROAD lies on this distribution: 3% of terraced houses houses are smaller than 278 OLD HEATH ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Colchester.

278 OLD HEATH ROAD: Plot and Title Map

278 OLD HEATH ROAD sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 278 OLD HEATH 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 278 OLD HEATH 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 278 OLD HEATH ROAD?

278 OLD HEATH ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 278 on OLD HEATH ROAD.