8, SPRING LANE, COLCHESTER, CO3 4AN - £225,000

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.

8 SPRING LANE is a very small extended semi-detached house of 35m², built sometime before 1900, which could now be worth an estimated £235,318. It was last sold for £225,000 in February 2022, which was around 28% below the average February 2022 semi-detached price in the Colchester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was F, and the potential energy rating was C.

8 SPRING LANE Sold Prices

Land registry data shows five sales for 8 SPRING LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. All of the five 8 SPRING LANE 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 18 FEB	£225,000	£313,506	28% below HPI
2010 18 OCT	£123,000	£186,481	34% below HPI
2003 24 JAN	£92,000	£139,544	34% below HPI
2000 4 OCT	£75,000	£91,501	18% below HPI
1998 31 JUL	£53,000	£67,940	22% below HPI

8 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The five 8 SPRING LANE sales between July 1998 and February 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 October 2010 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 8 SPRING LANE be worth now?

8 SPRING LANE might now be worth an estimated £235,318.

This is based on house price inflation of 4.6%, between February 2022 and July 2025, for semi-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 4.6% inflationary increase is applied to the most recent sale price for 8 SPRING LANE of £225,000 on 18th February 2022. For the value to have increased from £225,000 to £235,318 over the two years and seven months to July 2025, the following assumptions must hold true:

• The value of 8 SPRING LANE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The February 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRING LANE has not materially changed since February 2022.

How Large is 8 SPRING LANE?

8 SPRING LANE is 35m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 8 SPRING LANE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 8 SPRING LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

8 SPRING LANE: Plot and Title Map

8 SPRING LANE sits on a plot of roughly 0.011 of an acre, or 44m². The below map shows the location of 8 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 8 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 8 SPRING LANE?

8 SPRING LANE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 8 on SPRING LANE.