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

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.

48 HOMEFIELD WAY is a midsized extended detached house of 124m², built sometime between 1983 and 1990, which could now be worth an estimated £440,627. It was last sold for £435,000 in January 2023, which was around 24% 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	£570,151	24% below HPI
2002 20 FEB	£156,500	£199,220	21% below HPI
2000 26 MAY	£131,995	£146,472	10% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 48 HOMEFIELD WAY be worth now?

48 HOMEFIELD WAY might now be worth an estimated £440,627.

This is based on house price inflation of 1.3%, between January 2023 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% inflationary increase is applied to the most recent sale price for 48 HOMEFIELD WAY of £435,000 on 6th January 2023. For the value to have increased from £435,000 to £440,627 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 48 HOMEFIELD WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The January 2023 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 48 HOMEFIELD WAY has not materially changed since January 2023.

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 houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earls Colne, and where 48 HOMEFIELD WAY lies on this distribution: 60% of detached houses 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.