12, OBSERVER WAY, KELVEDON, COLCHESTER, CO5 9NZ - £429,000

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.

12 OBSERVER WAY is a midsized extended semi-detached house of 119m², built sometime between 1930 and 1949, which could now be worth an estimated £479,797. It was last sold for £429,000 in October 2020, which was around 44% above the average October 2020 semi-detached price in the Braintree local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

12 OBSERVER WAY Sold Prices

Land registry data shows three sales for 12 OBSERVER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. Two of the three 12 OBSERVER WAY sales were for above the average price, whilst one was 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
2020 6 OCT	£429,000	£297,635	44% above HPI
2020 16 JAN	£245,000	£282,634	13% below HPI
2009 6 FEB	£235,000	£169,478	39% above HPI

12 OBSERVER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The three 12 OBSERVER WAY sales between February 2009 and October 2020 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 January 2020 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2020 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 12 OBSERVER WAY be worth now?

12 OBSERVER WAY might now be worth an estimated £479,797.

This is based on house price inflation of 11.8%, between October 2020 and May 2026, for semi-detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.8% inflationary increase is applied to the most recent sale price for 12 OBSERVER WAY of £429,000 on 6th October 2020. For the value to have increased from £429,000 to £479,797 over the six years and five months to May 2026, the following assumptions must hold true:

• The value of 12 OBSERVER WAY has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The October 2020 sale price of £429,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OBSERVER WAY has not materially changed since October 2020.

How Large is 12 OBSERVER WAY?

12 OBSERVER WAY is 119m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 50% of semi-detached houses houses in Kelvedon, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Kelvedon, and where 12 OBSERVER WAY lies on this distribution: 49% of semi-detached houses houses are smaller than 12 OBSERVER WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in Kelvedon.

12 OBSERVER WAY: Plot and Title Map

12 OBSERVER WAY sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 12 OBSERVER 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 12 OBSERVER 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 12 OBSERVER WAY?

12 OBSERVER WAY is located in KELVEDON, in the CO5 postcode district. The below map shows the position of No. 12 on OBSERVER WAY.