8, RAINBOW WAY, COLNE ENGAINE, COLCHESTER, CO6 2HZ - £285,000

8 RAINBOW WAY is a large extended detached house of 134m², built sometime between 1967 and 1975. It was last sold for £285,000 in June 2011, which was around 7% below the average June 2011 detached price in the Braintree local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

8 RAINBOW WAY Sold Prices

Land registry data shows two sales for 8 RAINBOW 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 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
2011 23 JUN	£285,000	£305,143	7% below HPI
2004 3 SEP	£243,000	£284,035	14% below HPI

8 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 two 8 RAINBOW WAY sales from September 2004 and June 2011 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 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2011 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 8 RAINBOW WAY?

8 RAINBOW WAY is 134m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 40% 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 8 RAINBOW WAY lies on this distribution: 65% of detached houses are smaller than 8 RAINBOW WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Colne Engaine.

8 RAINBOW WAY: Plot and Title Map

8 RAINBOW WAY sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 8 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 8 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 8 RAINBOW WAY?

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