24, SCYTHE WAY, COLCHESTER, CO3 4SJ - £274,000

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.

24 SCYTHE WAY is a very small detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £320,829. It was last sold for £274,000 in May 2020, which was around 36% below the average May 2020 detached price in the Colchester local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

24 SCYTHE WAY Sold Prices

Land registry data shows two sales for 24 SCYTHE 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 24 SCYTHE 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
2020 27 MAY	£274,000	£428,933	36% below HPI
2003 28 NOV	£187,000	£239,635	22% below HPI

24 SCYTHE 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 24 SCYTHE WAY sales from November 2003 and May 2020 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 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 24 SCYTHE WAY be worth now?

24 SCYTHE WAY might now be worth an estimated £320,829.

This is based on house price inflation of 17.1%, between May 2020 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 17.1% inflationary increase is applied to the most recent sale price for 24 SCYTHE WAY of £274,000 on 27th May 2020. For the value to have increased from £274,000 to £320,829 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 24 SCYTHE WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2020 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SCYTHE WAY has not materially changed since May 2020.

How Large is 24 SCYTHE WAY?

24 SCYTHE WAY is 80m² according to the EPC inspection conducted in September 2010. 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 24 SCYTHE WAY lies on this distribution: 15% of detached houses houses are smaller than 24 SCYTHE WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Colchester.

24 SCYTHE WAY: Plot and Title Map

24 SCYTHE WAY sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 24 SCYTHE 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 SCYTHE 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 SCYTHE WAY?

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