56, EGREMONT WAY, STANWAY, COLCHESTER, CO3 0NJ - £275,000

56 EGREMONT WAY is a very small extended detached house of 84m², built sometime between 1967 and 1975. It was last sold for £275,000 in January 2020, which was around 36% below the average January 2020 detached price in the Colchester local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

56 EGREMONT WAY Sold Prices

Land registry data shows four sales for 56 EGREMONT WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 56 EGREMONT 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
2020 10 JAN	£275,000	£428,216	36% below HPI
2013 19 SEP	£182,000	£299,937	39% below HPI
2007 28 AUG	£224,000	£307,629	27% below HPI
2001 13 JUN	£124,995	£159,369	22% below HPI

56 EGREMONT 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 four 56 EGREMONT WAY sales between June 2001 and January 2020 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 September 2013 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 56 EGREMONT WAY?

56 EGREMONT WAY is 84m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 56 EGREMONT WAY lies on this distribution: 18% of detached houses are smaller than 56 EGREMONT WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Colchester.

56 EGREMONT WAY: Plot and Title Map

56 EGREMONT WAY sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 56 EGREMONT 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 56 EGREMONT 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 56 EGREMONT WAY?

56 EGREMONT WAY is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 56 on EGREMONT WAY.