24, DARNEL WAY, STANWAY, COLCHESTER, CO3 0PN - £220,000

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.

24 DARNEL WAY is a very small terraced house of 57m², built sometime between 1991 and 1995, which could now be worth an estimated £260,914. It was last sold for £220,000 in June 2018, which was around 2% below the average June 2018 terraced price in the Colchester local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was C.

24 DARNEL WAY Sold Prices

Land registry data shows five sales for 24 DARNEL 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 Colchester local authority area for the corresponding sale date. All of the five 24 DARNEL 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
2018 7 JUN	£220,000	£223,929	2% below HPI
2014 12 MAR	£143,000	£163,015	12% below HPI
2010 10 MAY	£139,995	£150,250	7% below HPI
2006 17 MAR	£127,000	£148,034	14% below HPI
2004 6 AUG	£125,000	£133,830	7% below HPI

24 DARNEL 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 five 24 DARNEL WAY sales between August 2004 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 March 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2018 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 24 DARNEL WAY be worth now?

24 DARNEL WAY might now be worth an estimated £260,914.

This is based on house price inflation of 18.6%, between June 2018 and May 2026, 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 18.6% inflationary increase is applied to the most recent sale price for 24 DARNEL WAY of £220,000 on 7th June 2018. For the value to have increased from £220,000 to £260,914 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 24 DARNEL WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The June 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 24 DARNEL WAY has not materially changed since June 2018.

How Large is 24 DARNEL WAY?

24 DARNEL WAY is 57m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 24 DARNEL WAY lies on this distribution: 1% of terraced houses houses are smaller than 24 DARNEL WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Colchester.

24 DARNEL WAY: Plot and Title Map

24 DARNEL WAY sits on a plot of roughly 0.021 of an acre, or 86m². The below map shows the location of 24 DARNEL 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 24 DARNEL 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 24 DARNEL WAY?

24 DARNEL WAY is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 24 on DARNEL WAY.