103, MAGAZINE FARM WAY, COLCHESTER, CO3 4ER - £219,000

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.

103 MAGAZINE FARM WAY is a small semi-detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £389,775. It was last sold for £219,000 in October 2010, which was around 17% above the average October 2010 semi-detached price in the Colchester local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

103 MAGAZINE FARM WAY Sold Prices

Land registry data shows three sales for 103 MAGAZINE FARM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. All of the three 103 MAGAZINE FARM WAY sales 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
2010 15 OCT	£219,000	£186,481	17% above HPI
2006 15 SEP	£202,000	£187,639	8% above HPI
2003 31 MAR	£150,000	£140,553	7% above HPI

103 MAGAZINE FARM WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The three 103 MAGAZINE FARM WAY sales between March 2003 and October 2010 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 September 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2010 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 103 MAGAZINE FARM WAY be worth now?

103 MAGAZINE FARM WAY might now be worth an estimated £389,775.

This is based on house price inflation of 78%, between October 2010 and October 2025, for semi-detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 78% inflationary increase is applied to the most recent sale price for 103 MAGAZINE FARM WAY of £219,000 on 15th October 2010. For the value to have increased from £219,000 to £389,775 over the fifteen years to October 2025, the following assumptions must hold true:

• The value of 103 MAGAZINE FARM WAY has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The October 2010 sale price of £219,000 represented a fair market value for the property.
• The size, condition, and specification of 103 MAGAZINE FARM WAY has not materially changed since October 2010.

How Large is 103 MAGAZINE FARM WAY?

103 MAGAZINE FARM WAY is 88m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 103 MAGAZINE FARM WAY lies on this distribution: 24% of semi-detached houses houses are smaller than 103 MAGAZINE FARM WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Colchester.

103 MAGAZINE FARM WAY: Plot and Title Map

103 MAGAZINE FARM WAY sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 103 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 103 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 103 MAGAZINE FARM WAY?

103 MAGAZINE FARM WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 103 on MAGAZINE FARM WAY.