48, PETO AVENUE, COLCHESTER, CO4 5WJ - £280,500

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.

48 PETO AVENUE is a very small terraced house of 75m², built sometime between 1991 and 1995, which could now be worth an estimated £324,900. It was last sold for £280,500 in September 2018, which was around 23% above the average September 2018 terraced price in the Colchester local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

48 PETO AVENUE Sold Prices

Land registry data shows two sales for 48 PETO AVENUE 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 48 PETO AVENUE 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
2018 26 SEP	£280,500	£227,615	23% above HPI
1999 31 AUG	£83,553	£58,209	44% above HPI

48 PETO AVENUE 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 48 PETO AVENUE sales from August 1999 and September 2018 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 August 1999 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the September 2018 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 48 PETO AVENUE be worth now?

48 PETO AVENUE might now be worth an estimated £324,900.

This is based on house price inflation of 15.8%, between September 2018 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 15.8% inflationary increase is applied to the most recent sale price for 48 PETO AVENUE of £280,500 on 26th September 2018. For the value to have increased from £280,500 to £324,900 over the seven years and two months to July 2025, the following assumptions must hold true:

• The value of 48 PETO AVENUE has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The September 2018 sale price of £280,500 represented a fair market value for the property.
• The size, condition, and specification of 48 PETO AVENUE has not materially changed since September 2018.

How Large is 48 PETO AVENUE?

48 PETO AVENUE is 75m² according to the EPC inspection conducted in May 2018. 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 48 PETO AVENUE lies on this distribution: 9% of terraced houses houses are smaller than 48 PETO AVENUE, and 90% of houses are larger. Note that EPC data is not available for all properties in Colchester.

48 PETO AVENUE: Plot and Title Map

48 PETO AVENUE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 48 PETO AVENUE, 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 48 PETO AVENUE). 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 48 PETO AVENUE?

48 PETO AVENUE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 48 on PETO AVENUE.