9, SPRING LANE, COLCHESTER, CO3 4AN - £165,900

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.

9 SPRING LANE is a very small extended terraced house of 34m², built sometime before 1900, which could now be worth an estimated £193,267. It was last sold for £165,900 in July 2019, which was around 27% below the average July 2019 terraced price in the Colchester local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was B.

9 SPRING LANE Sold Prices

Land registry data shows two sales for 9 SPRING LANE 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 9 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
2019 31 JUL	£165,900	£226,311	27% below HPI
1999 13 SEP	£49,000	£58,239	16% below HPI

9 SPRING LANE 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 9 SPRING LANE sales from September 1999 and July 2019 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 September 1999 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 9 SPRING LANE be worth now?

9 SPRING LANE might now be worth an estimated £193,267.

This is based on house price inflation of 16.5%, between July 2019 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 16.5% inflationary increase is applied to the most recent sale price for 9 SPRING LANE of £165,900 on 31st July 2019. For the value to have increased from £165,900 to £193,267 over the six years to July 2025, the following assumptions must hold true:

• The value of 9 SPRING LANE has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The July 2019 sale price of £165,900 represented a fair market value for the property.
• The size, condition, and specification of 9 SPRING LANE has not materially changed since July 2019.

How Large is 9 SPRING LANE?

9 SPRING LANE is 34m², which includes one extension, according to the EPC inspection conducted in June 2019. 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 9 SPRING LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 9 SPRING LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

9 SPRING LANE: Plot and Title Map

9 SPRING LANE sits on a plot of roughly 0.009 of an acre, or 35m². The below map shows the location of 9 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 9 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 9 SPRING LANE?

9 SPRING LANE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 9 on SPRING LANE.