31, FOUNDATION WAY, COLCHESTER, CO2 9FY - £327,500

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.

31 FOUNDATION WAY is a large detached house of 128m², which could now be worth an estimated £420,603. It was last sold for £327,500 in July 2016, which was around 16% below the average July 2016 detached price in the Colchester local authority area. The most recent EPC inspection was November 2014, where the current energy rating was B, and the potential energy rating was A.

31 FOUNDATION WAY Sold Prices

Land registry data shows two sales for 31 FOUNDATION 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 31 FOUNDATION 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
2016 29 JUL	£327,500	£391,068	16% below HPI
2014 12 DEC	£269,995	£338,996	20% below HPI

31 FOUNDATION 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 31 FOUNDATION WAY sales from December 2014 and July 2016 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 December 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 31 FOUNDATION WAY be worth now?

31 FOUNDATION WAY might now be worth an estimated £420,603.

This is based on house price inflation of 28.4%, between July 2016 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 28.4% inflationary increase is applied to the most recent sale price for 31 FOUNDATION WAY of £327,500 on 29th July 2016. For the value to have increased from £327,500 to £420,603 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 31 FOUNDATION WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2016 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of 31 FOUNDATION WAY has not materially changed since July 2016.

How Large is 31 FOUNDATION WAY?

31 FOUNDATION WAY is 128m² according to the EPC inspection conducted in November 2014. This puts it in the largest 20% of detached houses houses in Berechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Berechurch, and where 31 FOUNDATION WAY lies on this distribution: 79% of detached houses houses are smaller than 31 FOUNDATION WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

31 FOUNDATION WAY: Plot and Title Map

31 FOUNDATION WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 31 FOUNDATION 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 31 FOUNDATION 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 31 FOUNDATION WAY?

31 FOUNDATION WAY is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 31 on FOUNDATION WAY.