62, NEW FARM ROAD, STANWAY, COLCHESTER, CO3 0PG - £240,000

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

62 NEW FARM ROAD is a very small detached house of 73m², built sometime from 2012 onwards. It was last sold for £240,000 in October 2015, which was around 34% below the average October 2015 detached price in the Colchester local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

62 NEW FARM ROAD Sold Prices

Land registry data shows two sales for 62 NEW FARM ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 62 NEW FARM ROAD 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 9 OCT	£240,000	£364,658	34% below HPI
2012 12 OCT	£240,000	£288,286	17% below HPI

62 NEW FARM ROAD 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 two 62 NEW FARM ROAD sales from October 2012 and October 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 October 2012 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2015 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 62 NEW FARM ROAD?

62 NEW FARM ROAD is 73m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 62 NEW FARM ROAD lies on this distribution: 8% of detached houses are smaller than 62 NEW FARM ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Colchester.

62 NEW FARM ROAD: Plot and Title Map

62 NEW FARM ROAD sits on a plot of roughly 0.041 of an acre, or 168m². The below map shows the location of 62 NEW FARM ROAD, 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 62 NEW FARM ROAD). 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 62 NEW FARM ROAD?

62 NEW FARM ROAD is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 62 on NEW FARM ROAD.