5, SPRING LANE, WIVENHOE, COLCHESTER, CO7 9QD - £271,000

5 SPRING LANE is a very large extended detached house of 156m², built sometime between 1967 and 1975. It was last sold for £271,000 in December 2012, which was around 7% below the average December 2012 detached price in the Colchester local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

5 SPRING LANE Sold Prices

Land registry data shows two sales for 5 SPRING LANE 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. One of the two 5 SPRING LANE sales was for below the average price, whilst the other was 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
2012 18 DEC	£271,000	£290,154	7% below HPI
2003 7 FEB	£235,000	£226,727	4% above HPI

5 SPRING LANE 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 5 SPRING LANE sales from February 2003 and December 2012 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 February 2003 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2012 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 SPRING LANE?

5 SPRING LANE is 156m², which includes two extensions, according to the EPC inspection conducted in June 2011. This puts it in the largest 20% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where 5 SPRING LANE lies on this distribution: 86% of detached houses are smaller than 5 SPRING LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

5 SPRING LANE: Plot and Title Map

5 SPRING LANE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 5 SPRING LANE, 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 5 SPRING LANE). 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 5 SPRING LANE?

5 SPRING LANE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 5 on SPRING LANE.