48, WELLESLEY ROAD, COLCHESTER, CO3 3HF - £385,000

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.

48 WELLESLEY ROAD is a large extended detached house of 132m², built sometime between 1930 and 1949, which could now be worth an estimated £415,175. It was last sold for £385,000 in September 2021, which was around 17% below the average September 2021 detached price in the Colchester local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was C.

48 WELLESLEY ROAD Sold Prices

Land registry data shows four sales for 48 WELLESLEY ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. two of the four 48 WELLESLEY ROAD sales were for below the average price, and four 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
2021 15 SEP	£385,000	£463,831	17% below HPI
2010 30 APR	£295,000	£284,136	4% above HPI
2006 27 NOV	£310,000	£289,147	7% above HPI
2001 11 MAY	£154,995	£156,633	1% below HPI

48 WELLESLEY 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 four 48 WELLESLEY ROAD sales between May 2001 and September 2021 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 2010 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 48 WELLESLEY ROAD be worth now?

48 WELLESLEY ROAD might now be worth an estimated £415,175.

This is based on house price inflation of 7.8%, between September 2021 and October 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 7.8% inflationary increase is applied to the most recent sale price for 48 WELLESLEY ROAD of £385,000 on 15th September 2021. For the value to have increased from £385,000 to £415,175 over the three years and eleven months to October 2025, the following assumptions must hold true:

• The value of 48 WELLESLEY ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2021 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 48 WELLESLEY ROAD has not materially changed since September 2021.

How Large is 48 WELLESLEY ROAD?

48 WELLESLEY ROAD is 132m², which includes three extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 40% 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 48 WELLESLEY ROAD lies on this distribution: 70% of detached houses houses are smaller than 48 WELLESLEY ROAD, and 30% of houses are larger. Note that EPC data is not available for all properties in Colchester.

48 WELLESLEY ROAD: Plot and Title Map

48 WELLESLEY ROAD sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 48 WELLESLEY 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 48 WELLESLEY 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 48 WELLESLEY ROAD?

48 WELLESLEY ROAD is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 48 on WELLESLEY ROAD.