5, SHEPHERDS CROFT, STANWAY, COLCHESTER, CO3 0YQ - £290,000

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.

5 SHEPHERDS CROFT is a very small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £412,071. It was last sold for £290,000 in August 2015, which was around 18% below the average August 2015 detached price in the Colchester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

5 SHEPHERDS CROFT Sold Prices

Land registry data shows three sales for 5 SHEPHERDS CROFT 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 5 SHEPHERDS CROFT 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
2015 28 AUG	£290,000	£353,878	18% below HPI
2004 8 JAN	£185,000	£246,250	25% below HPI
2000 17 APR	£105,000	£138,578	24% below HPI

5 SHEPHERDS CROFT 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 5 SHEPHERDS CROFT sales between April 2000 and August 2015 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 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2015 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 5 SHEPHERDS CROFT be worth now?

5 SHEPHERDS CROFT might now be worth an estimated £412,071.

This is based on house price inflation of 42.1%, between August 2015 and May 2026, 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 42.1% inflationary increase is applied to the most recent sale price for 5 SHEPHERDS CROFT of £290,000 on 28th August 2015. For the value to have increased from £290,000 to £412,071 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 5 SHEPHERDS CROFT has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2015 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SHEPHERDS CROFT has not materially changed since August 2015.

How Large is 5 SHEPHERDS CROFT?

5 SHEPHERDS CROFT is 84m² according to the EPC inspection conducted in March 2016. 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 5 SHEPHERDS CROFT lies on this distribution: 17% of detached houses houses are smaller than 5 SHEPHERDS CROFT, and 81% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 SHEPHERDS CROFT: Plot and Title Map

5 SHEPHERDS CROFT sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 5 SHEPHERDS CROFT, 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 5 SHEPHERDS CROFT). 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 5 SHEPHERDS CROFT?

5 SHEPHERDS CROFT is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 5 on SHEPHERDS CROFT.