41, DEVON ROAD, COLCHESTER, CO2 9BB - £260,000

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.

41 DEVON ROAD is a very small detached house of 80m², built sometime between 1991 and 1995, which could now be worth an estimated £266,326. It was last sold for £260,000 in April 2022, which was around 47% below the average April 2022 detached price in the Colchester local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

41 DEVON ROAD Sold Prices

Land registry data shows three sales for 41 DEVON ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 41 DEVON 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 7 APR	£260,000	£491,958	47% below HPI
1999 22 MAR	£67,500	£114,212	41% below HPI
1996 20 DEC	£60,000	£91,576	34% below HPI

41 DEVON 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 three 41 DEVON ROAD sales between December 1996 and April 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 March 1999 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2022 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 41 DEVON ROAD be worth now?

41 DEVON ROAD might now be worth an estimated £266,326.

This is based on house price inflation of 2.4%, between April 2022 and April 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 2.4% inflationary increase is applied to the most recent sale price for 41 DEVON ROAD of £260,000 on 7th April 2022. For the value to have increased from £260,000 to £266,326 over the four years to April 2026, the following assumptions must hold true:

• The value of 41 DEVON ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 41 DEVON ROAD has not materially changed since April 2022.

How Large is 41 DEVON ROAD?

41 DEVON ROAD is 80m² according to the EPC inspection conducted in January 2022. 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 41 DEVON ROAD lies on this distribution: 13% of detached houses houses are smaller than 41 DEVON ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Colchester.

41 DEVON ROAD: Plot and Title Map

41 DEVON ROAD sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 41 DEVON 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 41 DEVON 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 41 DEVON ROAD?

41 DEVON ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 41 on DEVON ROAD.