6, RAINBOW WAY, COLNE ENGAINE, COLCHESTER, CO6 2HZ - £362,500

6 RAINBOW WAY is a small detached house of 96m², built sometime between 1967 and 1975. It was last sold for £362,500 in September 2021, which was around 26% below the average September 2021 detached price in the Braintree local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

6 RAINBOW WAY Sold Prices

Land registry data shows three sales for 6 RAINBOW WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 6 RAINBOW 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
2021 30 SEP	£362,500	£487,723	26% below HPI
2007 12 APR	£210,000	£306,521	31% below HPI
2002 26 JUL	£143,000	£209,463	32% below HPI

6 RAINBOW 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 three 6 RAINBOW WAY sales between July 2002 and September 2021 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 April 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 6 RAINBOW WAY?

6 RAINBOW WAY is 96m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 30% of detached houses in Colne Engaine, based on EPC data. The below chart shows the distribution of detached houses by size in Colne Engaine, and where 6 RAINBOW WAY lies on this distribution: 21% of detached houses are smaller than 6 RAINBOW WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Colne Engaine.

6 RAINBOW WAY: Plot and Title Map

6 RAINBOW WAY sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 6 RAINBOW 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 6 RAINBOW 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 6 RAINBOW WAY?

6 RAINBOW WAY is located in COLNE ENGAINE, in the CO6 postcode district. The below map shows the position of No. 6 on RAINBOW WAY.