60, MAGAZINE FARM WAY, COLCHESTER, CO3 4EN - £595,000

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

60 MAGAZINE FARM WAY is a very large extended detached house of 159m², built sometime between 1950 and 1966. It was last sold for £595,000 in June 2021, which was around 34% above the average June 2021 detached price in the Colchester local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

60 MAGAZINE FARM WAY Sold Prices

Land registry data shows four sales for 60 MAGAZINE FARM 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. two of the four 60 MAGAZINE FARM WAY sales were for above the average price, and four 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
2021 25 JUN	£595,000	£442,452	34% above HPI
2007 18 DEC	£322,500	£307,621	5% above HPI
2005 4 FEB	£250,000	£262,309	5% below HPI
2003 28 MAR	£216,950	£227,259	5% below HPI

60 MAGAZINE FARM 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 60 MAGAZINE FARM WAY sales between March 2003 and June 2021 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 2007 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2021 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 60 MAGAZINE FARM WAY?

60 MAGAZINE FARM WAY is 159m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 60 MAGAZINE FARM WAY lies on this distribution: 85% of detached houses are smaller than 60 MAGAZINE FARM WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in Colchester.

60 MAGAZINE FARM WAY: Plot and Title Map

60 MAGAZINE FARM WAY sits on a plot of roughly 0.175 of an acre, or 709m². The below map shows the location of 60 MAGAZINE FARM 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 60 MAGAZINE FARM 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 60 MAGAZINE FARM WAY?

60 MAGAZINE FARM WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 60 on MAGAZINE FARM WAY.