2, FOUNDATION WAY, COLCHESTER, CO2 9FY - £350,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 FOUNDATION WAY is a very small detached house of 76m². It was last sold for £350,000 in October 2021, which was around 25% below the average October 2021 detached price in the Colchester local authority area. The most recent EPC inspection was November 2013, where the current energy rating was B, and the potential energy rating was B.

2 FOUNDATION WAY Sold Prices

Land registry data shows three sales for 2 FOUNDATION 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 2 FOUNDATION 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 29 OCT	£350,000	£469,018	25% below HPI
2014 31 OCT	£230,000	£333,306	31% below HPI
2013 13 DEC	£189,995	£302,483	37% below HPI

2 FOUNDATION 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 2 FOUNDATION WAY sales between December 2013 and October 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 October 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 FOUNDATION WAY?

2 FOUNDATION WAY is 76m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of detached houses in Berechurch, based on EPC data. The below chart shows the distribution of detached houses by size in Berechurch, and where 2 FOUNDATION WAY lies on this distribution: 16% of detached houses are smaller than 2 FOUNDATION WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

2 FOUNDATION WAY: Plot and Title Map

2 FOUNDATION WAY sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 2 FOUNDATION 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 2 FOUNDATION 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 2 FOUNDATION WAY?

2 FOUNDATION WAY is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 2 on FOUNDATION WAY.