3, FINCH ROAD, STANWAY, COLCHESTER, CO3 8DF - £357,500

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.

3 FINCH ROAD is a very small detached house of 78m², which could now be worth an estimated £343,646. It was last sold for £357,500 in October 2022, which was around 32% below the average October 2022 detached price in the Colchester local authority area. The most recent EPC inspection was March 2019, where the current energy rating was B, and the potential energy rating was A.

3 FINCH ROAD Sold Prices

Land registry data shows two sales for 3 FINCH 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 Colchester local authority area for the corresponding sale date. Both of the two 3 FINCH 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
2022 28 OCT	£357,500	£522,489	32% below HPI
2019 30 APR	£309,950	£434,343	29% below HPI

3 FINCH ROAD 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 3 FINCH ROAD sales from April 2019 and October 2022 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 2019 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 3 FINCH ROAD be worth now?

3 FINCH ROAD might now be worth an estimated £343,646.

This is based on house price deflation of 3.9%, between October 2022 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 3.9% deflationary decrease is applied to the most recent sale price for 3 FINCH ROAD of £357,500 on 28th October 2022. For the value to have decreased from £357,500 to £343,646 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 FINCH ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2022 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 3 FINCH ROAD has not materially changed since October 2022.

How Large is 3 FINCH ROAD?

3 FINCH ROAD is 78m² according to the EPC inspection conducted in March 2019. 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 3 FINCH ROAD lies on this distribution: 11% of detached houses houses are smaller than 3 FINCH ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 FINCH ROAD: Plot and Title Map

3 FINCH ROAD sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 3 FINCH 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 3 FINCH 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 3 FINCH ROAD?

3 FINCH ROAD is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 3 on FINCH ROAD.