22, HOMEFIELD WAY, EARLS COLNE, COLCHESTER, CO6 2SP - £195,000

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

22 HOMEFIELD WAY is a very small detached house of 49m², built sometime between 2003 and 2006. It was last sold for £195,000 in March 2013, which was around 35% below the average March 2013 detached price in the Braintree local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

22 HOMEFIELD WAY Sold Prices

Land registry data shows three sales for 22 HOMEFIELD 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 Braintree local authority area for the corresponding sale date. All of the three 22 HOMEFIELD 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
2013 20 MAR	£195,000	£298,373	35% below HPI
2006 23 JUN	£142,000	£288,880	51% below HPI
1997 14 MAR	£69,000	£97,497	29% below HPI

22 HOMEFIELD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The three 22 HOMEFIELD WAY sales between March 1997 and March 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 June 2006 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2013 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 22 HOMEFIELD WAY?

22 HOMEFIELD WAY is 49m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 10% of detached houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Earls Colne, and where 22 HOMEFIELD WAY lies on this distribution: 1% of detached houses are smaller than 22 HOMEFIELD WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

22 HOMEFIELD WAY: Plot and Title Map

22 HOMEFIELD WAY sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 22 HOMEFIELD 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 22 HOMEFIELD 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 22 HOMEFIELD WAY?

22 HOMEFIELD WAY is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 22 on HOMEFIELD WAY.