1, WHITEFRIARS WAY, COLCHESTER, CO3 4EL - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 WHITEFRIARS WAY is a very small detached house of 60m², built sometime between 1950 and 1966. It was last sold for £325,000 in May 2019, which was around 24% below the average May 2019 detached price in the Colchester local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

1 WHITEFRIARS WAY Sold Prices

Land registry data shows three sales for 1 WHITEFRIARS 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 Colchester local authority area for the corresponding sale date. All of the three 1 WHITEFRIARS 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
2019 31 MAY	£325,000	£429,757	24% below HPI
2017 5 MAY	£265,000	£416,527	36% below HPI
1996 23 AUG	£52,500	£90,909	42% below HPI

1 WHITEFRIARS 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 three 1 WHITEFRIARS WAY sales between August 1996 and May 2019 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 2017 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 WHITEFRIARS WAY?

1 WHITEFRIARS WAY is 60m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 1 WHITEFRIARS WAY lies on this distribution: 3% of detached houses are smaller than 1 WHITEFRIARS WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 WHITEFRIARS WAY: Plot and Title Map

1 WHITEFRIARS WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 1 WHITEFRIARS 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 1 WHITEFRIARS 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 1 WHITEFRIARS WAY?

1 WHITEFRIARS WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 1 on WHITEFRIARS WAY.