48, HOMEFIELD WAY, EARLS COLNE, COLCHESTER, CO6 2SP - £435,000

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

48 HOMEFIELD WAY is a midsized extended detached house of 124m², built sometime between 1983 and 1990. It was last sold for £435,000 in January 2023, which was around 20% below the average January 2023 detached price in the Braintree local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

48 HOMEFIELD WAY Sold Prices

Land registry data shows three sales for 48 HOMEFIELD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 48 HOMEFIELD 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
2023 6 JAN	£435,000	£545,111	20% below HPI
2002 20 FEB	£156,500	£190,471	18% below HPI
2000 26 MAY	£131,995	£140,039	6% below HPI

48 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 three 48 HOMEFIELD WAY sales between May 2000 and January 2023 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 48 HOMEFIELD WAY?

48 HOMEFIELD WAY is 124m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 40% 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 48 HOMEFIELD WAY lies on this distribution: 60% of detached houses are smaller than 48 HOMEFIELD WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

48 HOMEFIELD WAY: Plot and Title Map

48 HOMEFIELD WAY sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 48 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 48 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 48 HOMEFIELD WAY?

48 HOMEFIELD WAY is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 48 on HOMEFIELD WAY.