56, SCYTHE WAY, COLCHESTER, CO3 4SJ - £279,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

56 SCYTHE WAY is a small detached house of 94m², built sometime between 1996 and 2002. It was last sold for £279,000 in November 2015, which was around 25% below the average November 2015 detached price in the Colchester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

56 SCYTHE WAY Sold Prices

Land registry data shows four sales for 56 SCYTHE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 56 SCYTHE 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
2015 17 NOV	£279,000	£370,392	25% below HPI
2006 18 DEC	£220,000	£292,913	25% below HPI
1998 4 SEP	£87,500	£112,483	22% below HPI
1995 19 JUN	£71,500	£89,745	20% below HPI

56 SCYTHE 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 four 56 SCYTHE WAY sales between June 1995 and November 2015 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 December 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2015 sale, which was also at 25% below the HPI.

How Large is 56 SCYTHE WAY?

56 SCYTHE WAY is 94m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 56 SCYTHE WAY lies on this distribution: 31% of detached houses are smaller than 56 SCYTHE WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Colchester.

56 SCYTHE WAY: Plot and Title Map

56 SCYTHE WAY sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 56 SCYTHE 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 56 SCYTHE 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 56 SCYTHE WAY?

56 SCYTHE WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 56 on SCYTHE WAY.