18, PRIOR WAY, COLCHESTER, CO4 5DG - £260,000

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

18 PRIOR WAY is a very small detached house of 49m², built sometime between 1950 and 1966. It was last sold for £260,000 in January 2021, which was around 42% below the average January 2021 detached price in the Colchester local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

18 PRIOR WAY Sold Prices

Land registry data shows five sales for 18 PRIOR WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the five 18 PRIOR 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 28 JAN	£260,000	£447,931	42% below HPI
2015 8 JUN	£190,000	£346,020	45% below HPI
2006 21 DEC	£177,500	£292,913	39% below HPI
2004 11 FEB	£144,000	£247,816	42% below HPI
2000 19 MAY	£89,995	£141,661	36% below HPI

18 PRIOR 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 five 18 PRIOR WAY sales between May 2000 and January 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 June 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the January 2021 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 18 PRIOR WAY?

18 PRIOR WAY is 49m² according to the EPC inspection conducted in January 2015. 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 18 PRIOR WAY lies on this distribution: 1% of detached houses are smaller than 18 PRIOR WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

18 PRIOR WAY: Plot and Title Map

18 PRIOR WAY sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 18 PRIOR 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 18 PRIOR 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 18 PRIOR WAY?

18 PRIOR WAY is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 18 on PRIOR WAY.