2, NEW ROAD, STANWAY, COLCHESTER, CO3 0HU - £335,000

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

2 NEW ROAD is a large extended detached house of 130m², built sometime between 1950 and 1966. It was last sold for £335,000 in June 2013, which was around 16% above the average June 2013 detached price in the Colchester local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

2 NEW ROAD Sold Prices

Land registry data shows two sales for 2 NEW ROAD 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. One of the two 2 NEW ROAD sales was for above the average price, whilst the other was 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
2013 28 JUN	£335,000	£288,622	16% above HPI
2010 16 JUL	£245,000	£281,998	13% below HPI

2 NEW ROAD 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 2 NEW ROAD sales from July 2010 and June 2013 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2013 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 2 NEW ROAD?

2 NEW ROAD is 130m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 NEW ROAD lies on this distribution: 68% of detached houses are smaller than 2 NEW ROAD, and 31% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 NEW ROAD: Plot and Title Map

2 NEW ROAD sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 2 NEW ROAD, 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 NEW ROAD). 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 NEW ROAD?

2 NEW ROAD is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 2 on NEW ROAD.