24, HOMEFIELD WAY, EARLS COLNE, COLCHESTER, CO6 2SP - £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.

24 HOMEFIELD WAY is a very small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £464,038. It was last sold for £400,000 in May 2018, which was around 18% below the average May 2018 detached price in the Braintree 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.

24 HOMEFIELD WAY Sold Prices

Land registry data shows two sales for 24 HOMEFIELD 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 Braintree local authority area for the corresponding sale date. Both of the two 24 HOMEFIELD 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 9 MAY	£400,000	£487,089	18% below HPI
1996 5 JAN	£88,000	£95,888	8% below HPI

24 HOMEFIELD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two 24 HOMEFIELD WAY sales from January 1996 and May 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 January 1996 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 24 HOMEFIELD WAY be worth now?

24 HOMEFIELD WAY might now be worth an estimated £464,038.

This is based on house price inflation of 16%, between May 2018 and March 2025, for 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 16% inflationary increase is applied to the most recent sale price for 24 HOMEFIELD WAY of £400,000 on 9th May 2018. For the value to have increased from £400,000 to £464,038 over the seven years and two months to March 2025, the following assumptions must hold true:

• The value of 24 HOMEFIELD WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2018 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 24 HOMEFIELD WAY has not materially changed since May 2018.

How Large is 24 HOMEFIELD WAY?

24 HOMEFIELD WAY is 84m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earls Colne, and where 24 HOMEFIELD WAY lies on this distribution: 17% of detached houses houses are smaller than 24 HOMEFIELD WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

24 HOMEFIELD WAY: Plot and Title Map

24 HOMEFIELD WAY sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 24 HOMEFIELD 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 HOMEFIELD 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 HOMEFIELD WAY?

24 HOMEFIELD WAY is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 24 on HOMEFIELD WAY.