Mill Paddock Spring Lane

    MILL PADDOCK, SPRING LANE, LEXDEN BRIDGE HAMLET, COLCHESTER, CO3 4AR

    This detached freehold property on Spring Lane last sold in November 2023 for £625,000. Based on price growth in the CO3 district since then, its estimated current value is £650,256 — placing it in the 88th percentile nationally and the 91st percentile within CO3. The property covers 166 m² (1,787 sq ft), giving an estimated value of £3,917 per m². The EPC rating is C, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,787 sq ft

    166 m²

    Last Sale Price

    £625,000

    Nov 2023

    Estimated Valuation

    £650,256

    Est. £/sq ft

    £364/sq ft

    £3,917/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageL
    Habitable rooms6
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area1,787 sq ft (166 m²)
    EPC dateJun 2020
    WallsTimber frame, as built, insulated (assumed)
    HeatingAir source heat pump, underfloor, electric

    Transaction History

    20 Nov 2023

    £625,000

    5 Feb 2021

    £637,500

    Key Metrics

    Estimated valuation£650,256
    Value per sq ft / m²£364/sq ft (£3,917/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CO3 district percentile91st percentile
    National percentile88th percentile

    District Context — CO3

    CO3 covers the Colchester area in Essex, positioned in the southeast of England with good road and rail links to London and the wider region. It is a mixed community blending suburban residential neighbourhoods with a historic town centre, appealing to families, commuters, and professionals.

    Average Property Price - CO3

    £391,510

    66

    National percentile

    Average Net Household Income - CO3

    £47,296

    82

    National percentile

    10-Year Annualised Price Growth - CO3

    3.0%

    29

    National percentile

    10-Year Annualised Rent Growth - CO

    4.8%

    93

    National percentile

    View full analysis for CO3

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