2, GRYMES DYKE WAY, STANWAY, COLCHESTER, CO3 0QT - £400,000

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.

2 GRYMES DYKE WAY is a very small extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £414,604. It was last sold for £400,000 in December 2021, which was around 17% below the average December 2021 detached price in the Colchester local authority area. The most recent EPC inspection was October 2017, where the current energy rating was E, and the potential energy rating was B.

2 GRYMES DYKE WAY Sold Prices

Land registry data shows two sales for 2 GRYMES DYKE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 2 GRYMES DYKE WAY 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
2021 10 DEC	£400,000	£484,741	17% below HPI
2018 3 AUG	£330,000	£437,321	25% below HPI

2 GRYMES DYKE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The two 2 GRYMES DYKE WAY sales from August 2018 and December 2021 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 August 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 GRYMES DYKE WAY be worth now?

2 GRYMES DYKE WAY might now be worth an estimated £414,604.

This is based on house price inflation of 3.7%, between December 2021 and July 2025, for detached 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 3.7% inflationary increase is applied to the most recent sale price for 2 GRYMES DYKE WAY of £400,000 on 10th December 2021. For the value to have increased from £400,000 to £414,604 over the four years and five months to July 2025, the following assumptions must hold true:

• The value of 2 GRYMES DYKE WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2021 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRYMES DYKE WAY has not materially changed since December 2021.

How Large is 2 GRYMES DYKE WAY?

2 GRYMES DYKE WAY is 84m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 2 GRYMES DYKE WAY lies on this distribution: 18% of detached houses houses are smaller than 2 GRYMES DYKE WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 GRYMES DYKE WAY: Plot and Title Map

2 GRYMES DYKE WAY sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 2 GRYMES DYKE 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 2 GRYMES DYKE 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 2 GRYMES DYKE WAY?

2 GRYMES DYKE WAY is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 2 on GRYMES DYKE WAY.