4, MAGAZINE FARM WAY, COLCHESTER, CO3 4EJ - £225,000

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

4 MAGAZINE FARM WAY is a very small detached house of 60m², built sometime between 1950 and 1966. It was last sold for £225,000 in July 2011, which was around 20% below the average July 2011 detached price in the Colchester local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

4 MAGAZINE FARM WAY Sold Prices

Land registry data shows two sales for 4 MAGAZINE FARM 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 4 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
2011 26 JUL	£225,000	£282,927	20% below HPI
2011 21 MAR	£175,000	£283,536	38% below HPI

4 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 two 4 MAGAZINE FARM WAY sales from March 2011 and July 2011 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 2011 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2011 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 4 MAGAZINE FARM WAY?

4 MAGAZINE FARM WAY is 60m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 4 MAGAZINE FARM WAY lies on this distribution: 3% of detached houses are smaller than 4 MAGAZINE FARM WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Colchester.

4 MAGAZINE FARM WAY: Plot and Title Map

4 MAGAZINE FARM WAY sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 4 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 4 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 4 MAGAZINE FARM WAY?

4 MAGAZINE FARM WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 4 on MAGAZINE FARM WAY.