8, PERTWEE WAY, LANGENHOE, COLCHESTER, CO5 7LR - £355,000

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.

8 PERTWEE WAY is a small extended detached house of 95m², built sometime between 1991 and 1995, which could now be worth an estimated £408,183. It was last sold for £355,000 in August 2018, which was around 19% below the average August 2018 detached price in the Colchester local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

8 PERTWEE WAY Sold Prices

Land registry data shows four sales for 8 PERTWEE 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 8 PERTWEE 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
2018 30 AUG	£355,000	£437,321	19% below HPI
2007 13 SEP	£225,000	£307,655	27% below HPI
2005 22 DEC	£193,000	£271,828	29% below HPI
1999 18 JUN	£96,000	£117,202	18% below HPI

8 PERTWEE 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 8 PERTWEE WAY sales between June 1999 and August 2018 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 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 PERTWEE WAY be worth now?

8 PERTWEE WAY might now be worth an estimated £408,183.

This is based on house price inflation of 15%, between August 2018 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 15% inflationary increase is applied to the most recent sale price for 8 PERTWEE WAY of £355,000 on 30th August 2018. For the value to have increased from £355,000 to £408,183 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 8 PERTWEE WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2018 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PERTWEE WAY has not materially changed since August 2018.

How Large is 8 PERTWEE WAY?

8 PERTWEE WAY is 95m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the smallest 30% of detached houses houses in Abberton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Abberton, and where 8 PERTWEE WAY lies on this distribution: 24% of detached houses houses are smaller than 8 PERTWEE WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Abberton.

8 PERTWEE WAY: Plot and Title Map

8 PERTWEE WAY sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 8 PERTWEE 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 PERTWEE 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 PERTWEE WAY?

8 PERTWEE WAY is located in LANGENHOE, in the CO5 postcode district. The below map shows the position of No. 8 on PERTWEE WAY.