3, SPINDRIFT WAY, WIVENHOE, COLCHESTER, CO7 9GW - £567,500

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.

3 SPINDRIFT WAY is a very large extended detached house of 166m², built sometime between 1996 and 2002, which could now be worth an estimated £645,799. It was last sold for £567,500 in February 2021, which was around 28% above the average February 2021 detached price in the Colchester local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

3 SPINDRIFT WAY Sold Prices

Land registry data shows three sales for 3 SPINDRIFT WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 3 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
2021 8 FEB	£567,500	£443,987	28% above HPI
2012 23 MAY	£330,000	£282,392	17% above HPI
2004 26 MAR	£305,750	£252,387	21% above HPI

3 SPINDRIFT 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 three 3 SPINDRIFT WAY sales between March 2004 and February 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 May 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 3 SPINDRIFT WAY be worth now?

3 SPINDRIFT WAY might now be worth an estimated £645,799.

This is based on house price inflation of 13.8%, between February 2021 and March 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 13.8% inflationary increase is applied to the most recent sale price for 3 SPINDRIFT WAY of £567,500 on 8th February 2021. For the value to have increased from £567,500 to £645,799 over the three years and eleven months to March 2025, the following assumptions must hold true:

• The value of 3 SPINDRIFT WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2021 sale price of £567,500 represented a fair market value for the property.
• The size, condition, and specification of 3 SPINDRIFT WAY has not materially changed since February 2021.

How Large is 3 SPINDRIFT WAY?

3 SPINDRIFT WAY is 166m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 20% of detached houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wivenhoe, and where 3 SPINDRIFT WAY lies on this distribution: 89% of detached houses houses are smaller than 3 SPINDRIFT WAY, and 11% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

3 SPINDRIFT WAY: Plot and Title Map

3 SPINDRIFT WAY sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 3 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 3 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 3 SPINDRIFT WAY?

3 SPINDRIFT WAY is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 3 on SPINDRIFT WAY.