15, PADDOCK WAY, WIVENHOE, COLCHESTER, CO7 9HL - £380,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 PADDOCK WAY is a midsized extended detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £387,771. It was last sold for £380,000 in December 2023, which was around 24% below the average December 2023 detached price in the Colchester local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

15 PADDOCK WAY Sold Prices

Land registry data shows two sales for 15 PADDOCK 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 PADDOCK 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
2023 15 DEC	£380,000	£498,400	24% below HPI
1996 4 OCT	£63,000	£91,187	31% below HPI

15 PADDOCK 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 PADDOCK WAY sales from October 1996 and December 2023 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 October 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 15 PADDOCK WAY be worth now?

15 PADDOCK WAY might now be worth an estimated £387,771.

This is based on house price inflation of 2%, between December 2023 and December 2024, 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 2% inflationary increase is applied to the most recent sale price for 15 PADDOCK WAY of £380,000 on 15th December 2023. For the value to have increased from £380,000 to £387,771 over the one year to December 2024, the following assumptions must hold true:

• The value of 15 PADDOCK WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2023 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PADDOCK WAY has not materially changed since December 2023.

How Large is 15 PADDOCK WAY?

15 PADDOCK WAY is 102m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 50% of detached houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wivenhoe, and where 15 PADDOCK WAY lies on this distribution: 47% of detached houses houses are smaller than 15 PADDOCK WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

15 PADDOCK WAY: Plot and Title Map

15 PADDOCK WAY sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 15 PADDOCK 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 PADDOCK 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 PADDOCK WAY?

15 PADDOCK WAY is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 15 on PADDOCK WAY.