22, PEARMAIN WAY, STANWAY, COLCHESTER, CO3 0NP - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 PEARMAIN WAY is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £367,908. It was last sold for £325,000 in June 2021, which was around 27% below the average June 2021 detached price in the Colchester local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

22 PEARMAIN WAY Sold Prices

Land registry data shows two sales for 22 PEARMAIN 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 22 PEARMAIN 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 3 JUN	£325,000	£443,667	27% below HPI
2003 28 MAR	£135,000	£227,883	41% below HPI

22 PEARMAIN 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 22 PEARMAIN WAY sales from March 2003 and June 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 March 2003 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the June 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 22 PEARMAIN WAY be worth now?

22 PEARMAIN WAY might now be worth an estimated £367,908.

This is based on house price inflation of 13.2%, between June 2021 and February 2025, 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 13.2% inflationary increase is applied to the most recent sale price for 22 PEARMAIN WAY of £325,000 on 3rd June 2021. For the value to have increased from £325,000 to £367,908 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 22 PEARMAIN WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 22 PEARMAIN WAY has not materially changed since June 2021.

How Large is 22 PEARMAIN WAY?

22 PEARMAIN WAY is 82m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 22 PEARMAIN WAY lies on this distribution: 16% of detached houses houses are smaller than 22 PEARMAIN WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Colchester.

22 PEARMAIN WAY: Plot and Title Map

22 PEARMAIN WAY sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 22 PEARMAIN 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 PEARMAIN 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 PEARMAIN WAY?

22 PEARMAIN WAY is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 22 on PEARMAIN WAY.