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

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.

56 EGREMONT WAY is a very small extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £320,338. 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	£429,392	36% below HPI
2013 19 SEP	£182,000	£300,761	39% below HPI
2007 28 AUG	£224,000	£308,475	27% below HPI
2001 13 JUN	£124,995	£159,807	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.

What might 56 EGREMONT WAY be worth now?

56 EGREMONT WAY might now be worth an estimated £320,338.

This is based on house price inflation of 16.5%, between January 2020 and October 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 16.5% inflationary increase is applied to the most recent sale price for 56 EGREMONT WAY of £275,000 on 10th January 2020. For the value to have increased from £275,000 to £320,338 over the four years and three months to October 2025, the following assumptions must hold true:

• The value of 56 EGREMONT WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The January 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 56 EGREMONT WAY has not materially changed since January 2020.

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 houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 56 EGREMONT WAY lies on this distribution: 18% of detached houses 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.