4, OBSERVER WAY, KELVEDON, COLCHESTER, CO5 9NZ - £385,000

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 OBSERVER WAY is a small extended detached house of 106m², built sometime between 1930 and 1949. It was last sold for £385,000 in July 2019, which was around 18% below the average July 2019 detached price in the Braintree local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

4 OBSERVER WAY Sold Prices

Land registry data shows two sales for 4 OBSERVER 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 Braintree local authority area for the corresponding sale date. Both of the two 4 OBSERVER 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
2019 26 JUL	£385,000	£466,725	18% below HPI
2013 28 FEB	£226,000	£302,788	25% below HPI

4 OBSERVER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two 4 OBSERVER WAY sales from February 2013 and July 2019 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 February 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 4 OBSERVER WAY?

4 OBSERVER WAY is 106m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 40% of detached houses in Kelvedon, based on EPC data. The below chart shows the distribution of detached houses by size in Kelvedon, and where 4 OBSERVER WAY lies on this distribution: 31% of detached houses are smaller than 4 OBSERVER WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Kelvedon.

4 OBSERVER WAY: Plot and Title Map

4 OBSERVER WAY sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 4 OBSERVER 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 OBSERVER 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 OBSERVER WAY?

4 OBSERVER WAY is located in KELVEDON, in the CO5 postcode district. The below map shows the position of No. 4 on OBSERVER WAY.