15, SPINDRIFT WAY, WIVENHOE, COLCHESTER, CO7 9GW - £395,000

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.

15 SPINDRIFT WAY is a small terraced house of 85m², built sometime between 2003 and 2006, which could now be worth an estimated £454,916. It was last sold for £395,000 in July 2019, which was around 75% above the average July 2019 terraced price in the Colchester local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

15 SPINDRIFT WAY Sold Prices

Land registry data shows four sales for 15 SPINDRIFT WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. All of the four 15 SPINDRIFT 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
2019 2 JUL	£395,000	£226,311	75% above HPI
2015 21 DEC	£295,000	£192,627	53% above HPI
2007 27 JUN	£237,000	£163,190	45% above HPI
2004 7 APR	£179,950	£127,150	42% above HPI

15 SPINDRIFT WAY 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 four 15 SPINDRIFT WAY sales between April 2004 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 December 2015 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the July 2019 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might 15 SPINDRIFT WAY be worth now?

15 SPINDRIFT WAY might now be worth an estimated £454,916.

This is based on house price inflation of 15.2%, between July 2019 and June 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 15.2% inflationary increase is applied to the most recent sale price for 15 SPINDRIFT WAY of £395,000 on 2nd July 2019. For the value to have increased from £395,000 to £454,916 over the six years and one month to June 2025, the following assumptions must hold true:

• The value of 15 SPINDRIFT WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The July 2019 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPINDRIFT WAY has not materially changed since July 2019.

How Large is 15 SPINDRIFT WAY?

15 SPINDRIFT WAY is 85m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 30% of terraced houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wivenhoe, and where 15 SPINDRIFT WAY lies on this distribution: 26% of terraced houses houses are smaller than 15 SPINDRIFT WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

15 SPINDRIFT WAY: Plot and Title Map

15 SPINDRIFT WAY sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 15 SPINDRIFT 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 15 SPINDRIFT 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 15 SPINDRIFT WAY?

15 SPINDRIFT WAY is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 15 on SPINDRIFT WAY.