24, MAGAZINE FARM WAY, COLCHESTER, CO3 4EJ - £216,000

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

24 MAGAZINE FARM WAY is a very small semi-detached house of 83m², built sometime between 1950 and 1966. It was last sold for £216,000 in April 2012, which was around 23% below the average April 2012 detached price in the Colchester local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

24 MAGAZINE FARM WAY Sold Prices

Land registry data shows three sales for 24 MAGAZINE FARM 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 24 MAGAZINE FARM 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
2012 30 APR	£216,000	£281,519	23% below HPI
2007 9 NOV	£213,000	£303,680	30% below HPI
2006 12 APR	£167,000	£278,657	40% below HPI

24 MAGAZINE FARM 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 24 MAGAZINE FARM WAY sales between April 2006 and April 2012 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 November 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2012 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 24 MAGAZINE FARM WAY?

24 MAGAZINE FARM WAY is 83m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 24 MAGAZINE FARM WAY lies on this distribution: 18% of detached houses are smaller than 24 MAGAZINE FARM WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Colchester.

24 MAGAZINE FARM WAY: Plot and Title Map

24 MAGAZINE FARM WAY sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 24 MAGAZINE FARM 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 24 MAGAZINE FARM 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 24 MAGAZINE FARM WAY?

24 MAGAZINE FARM WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 24 on MAGAZINE FARM WAY.