15, MAGAZINE FARM WAY, COLCHESTER, CO3 4EJ - £275,000

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.

15 MAGAZINE FARM WAY is a very small detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £361,870. It was last sold for £275,000 in May 2016, which was around 28% below the average May 2016 detached price in the Colchester local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

15 MAGAZINE FARM WAY Sold Prices

Land registry data shows two sales for 15 MAGAZINE FARM 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 Colchester local authority area for the corresponding sale date. Both of the two 15 MAGAZINE FARM 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
2016 27 MAY	£275,000	£381,675	28% below HPI
2010 27 JUL	£200,000	£282,772	29% below HPI

15 MAGAZINE FARM 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 two 15 MAGAZINE FARM WAY sales from July 2010 and May 2016 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 July 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 15 MAGAZINE FARM WAY be worth now?

15 MAGAZINE FARM WAY might now be worth an estimated £361,870.

This is based on house price inflation of 31.6%, between May 2016 and February 2025, 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 31.6% inflationary increase is applied to the most recent sale price for 15 MAGAZINE FARM WAY of £275,000 on 27th May 2016. For the value to have increased from £275,000 to £361,870 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 15 MAGAZINE FARM WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2016 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MAGAZINE FARM WAY has not materially changed since May 2016.

How Large is 15 MAGAZINE FARM WAY?

15 MAGAZINE FARM WAY is 67m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 15 MAGAZINE FARM WAY lies on this distribution: 5% of detached houses houses are smaller than 15 MAGAZINE FARM WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Colchester.

15 MAGAZINE FARM WAY: Plot and Title Map

15 MAGAZINE FARM WAY sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 15 MAGAZINE FARM 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 15 MAGAZINE FARM 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 15 MAGAZINE FARM WAY?

15 MAGAZINE FARM WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 15 on MAGAZINE FARM WAY.