8, HOMEFIELD WAY, EARLS COLNE, COLCHESTER, CO6 2SP - £232,500

8 HOMEFIELD WAY is a very small detached house of 51m², built sometime between 1983 and 1990. It was last sold for £232,500 in August 2014, which was around 34% below the average August 2014 detached price in the Braintree local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

8 HOMEFIELD WAY Sold Prices

Land registry data shows two sales for 8 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 8 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
2014 26 AUG	£232,500	£354,310	34% below HPI
2002 29 MAY	£122,500	£200,737	39% below HPI

8 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 8 HOMEFIELD WAY sales from May 2002 and August 2014 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 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2014 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 8 HOMEFIELD WAY?

8 HOMEFIELD WAY is 51m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Earls Colne, and where 8 HOMEFIELD WAY lies on this distribution: 3% of detached houses are smaller than 8 HOMEFIELD WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

8 HOMEFIELD WAY: Plot and Title Map

8 HOMEFIELD WAY sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 8 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 8 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 8 HOMEFIELD WAY?

8 HOMEFIELD WAY is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 8 on HOMEFIELD WAY.