CORNERWAYS, COGGESHALL ROAD, KELVEDON, COLCHESTER, CO5 9NX - £450,000

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

CORNERWAYS is a large extended detached house of 143m², built sometime between 1950 and 1966. It was last sold for £450,000 in March 2021, which was around 5% below the average March 2021 detached price in the Braintree local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was A.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS 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. One of the three CORNERWAYS sales was for below the average price, whilst two were for above 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 4 MAR	£450,000	£471,818	5% below HPI
2016 21 DEC	£975,000	£441,530	121% above HPI
2004 26 AUG	£395,000	£278,324	42% above HPI

CORNERWAYS 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 CORNERWAYS sales between August 2004 and March 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 2016 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the March 2021 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 143m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 40% of detached houses in Kelvedon, based on EPC data. The below chart shows the distribution of detached houses by size in Kelvedon, and where CORNERWAYS lies on this distribution: 68% of detached houses are smaller than CORNERWAYS, and 32% of houses are larger. Note that EPC data is not available for all properties in Kelvedon.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on COGGESHALL ROAD in KELVEDON, in the CO5 postcode district. The below map shows the position of CORNERWAYS on COGGESHALL ROAD.