16, MARIO WAY, COLCHESTER, CO2 7QN - £218,000

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.

16 MARIO WAY is a small terraced house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £314,513. It was last sold for £218,000 in August 2015, which was around 18% above the average August 2015 terraced price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

16 MARIO WAY Sold Prices

Land registry data shows two sales for 16 MARIO WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Both of the two 16 MARIO 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
2015 3 AUG	£218,000	£184,695	18% above HPI
2006 31 JAN	£199,995	£145,993	37% above HPI

16 MARIO WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The two 16 MARIO WAY sales from January 2006 and August 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 January 2006 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2015 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 16 MARIO WAY be worth now?

16 MARIO WAY might now be worth an estimated £314,513.

This is based on house price inflation of 44.3%, between August 2015 and October 2025, for terraced 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 44.3% inflationary increase is applied to the most recent sale price for 16 MARIO WAY of £218,000 on 3rd August 2015. For the value to have increased from £218,000 to £314,513 over the nine years and ten months to October 2025, the following assumptions must hold true:

• The value of 16 MARIO WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The August 2015 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MARIO WAY has not materially changed since August 2015.

How Large is 16 MARIO WAY?

16 MARIO WAY is 95m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 16 MARIO WAY lies on this distribution: 32% of terraced houses houses are smaller than 16 MARIO WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Colchester.

16 MARIO WAY: Plot and Title Map

16 MARIO WAY sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 16 MARIO 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 16 MARIO 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 16 MARIO WAY?

16 MARIO WAY is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 16 on MARIO WAY.