11, WRIGHTS WAY, LEAVENHEATH, COLCHESTER, CO6 4NS - £222,500

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.

11 WRIGHTS WAY is a very small terraced house of 54m², built sometime between 1996 and 2002, which could now be worth an estimated £259,711. It was last sold for £222,500 in June 2018, which was around 7% above the average June 2018 terraced price in the Babergh local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

11 WRIGHTS WAY Sold Prices

Land registry data shows five sales for 11 WRIGHTS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Babergh local authority area for the corresponding sale date. All of the five 11 WRIGHTS WAY sales 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
2018 1 JUN	£222,500	£207,204	7% above HPI
2013 5 JUL	£161,000	£148,507	8% above HPI
2005 30 SEP	£145,000	£133,163	9% above HPI
2002 3 DEC	£115,500	£93,979	23% above HPI
1998 26 JUN	£55,000	£48,846	13% above HPI

11 WRIGHTS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Babergh local authority area over time, sourced from the HPI. The five 11 WRIGHTS WAY sales between June 1998 and June 2018 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 July 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2018 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 11 WRIGHTS WAY be worth now?

11 WRIGHTS WAY might now be worth an estimated £259,711.

This is based on house price inflation of 16.7%, between June 2018 and June 2025, for terraced houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.7% inflationary increase is applied to the most recent sale price for 11 WRIGHTS WAY of £222,500 on 1st June 2018. For the value to have increased from £222,500 to £259,711 over the seven years to June 2025, the following assumptions must hold true:

• The value of 11 WRIGHTS WAY has moved in line with the HPI for terraced houses in the Babergh local authority area.
• The June 2018 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 11 WRIGHTS WAY has not materially changed since June 2018.

How Large is 11 WRIGHTS WAY?

11 WRIGHTS WAY is 54m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of terraced houses houses in Leavenheath, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leavenheath, and where 11 WRIGHTS WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 11 WRIGHTS WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Leavenheath.

11 WRIGHTS WAY: Plot and Title Map

11 WRIGHTS WAY sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 11 WRIGHTS WAY, 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 11 WRIGHTS WAY). 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 11 WRIGHTS WAY?

11 WRIGHTS WAY is located in LEAVENHEATH, in the CO6 postcode district. The below map shows the position of No. 11 on WRIGHTS WAY.