40, HOMEFIELD WAY, EARLS COLNE, COLCHESTER, CO6 2SP - £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

40 HOMEFIELD WAY is a very large detached house of 161m², built sometime between 1976 and 1982. It was last sold for £385,000 in January 2019, which was around 21% below the average January 2019 detached price in the Braintree local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

40 HOMEFIELD WAY Sold Prices

Land registry data shows two sales for 40 HOMEFIELD 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. One of the two 40 HOMEFIELD WAY sales was for below the average price, whilst the other was for above 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 31 JAN	£385,000	£484,718	21% below HPI
2000 22 MAY	£148,500	£140,039	6% above HPI

40 HOMEFIELD 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 40 HOMEFIELD WAY sales from May 2000 and January 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 May 2000 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the January 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 40 HOMEFIELD WAY?

40 HOMEFIELD WAY is 161m² according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Earls Colne, and where 40 HOMEFIELD WAY lies on this distribution: 86% of detached houses are smaller than 40 HOMEFIELD WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

40 HOMEFIELD WAY: Plot and Title Map

40 HOMEFIELD WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 40 HOMEFIELD 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 40 HOMEFIELD 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 40 HOMEFIELD WAY?

40 HOMEFIELD WAY is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 40 on HOMEFIELD WAY.