2, THE CHASE, COLCHESTER, CO3 9BU - £600,000

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.

2 THE CHASE is a very large detached house of 175m², built sometime between 1900 and 1929, which could now be worth an estimated £679,852. It was last sold for £600,000 in September 2019, which was around 35% above the average September 2019 detached price in the Colchester local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

2 THE CHASE Sold Prices

Land registry data shows three sales for 2 THE CHASE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 2 THE CHASE 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
2019 12 SEP	£600,000	£443,251	35% above HPI
2012 29 FEB	£457,500	£284,268	61% above HPI
1997 30 JUL	£190,000	£98,532	93% above HPI

2 THE CHASE 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 three 2 THE CHASE sales between July 1997 and September 2019 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 February 2012 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the September 2019 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 2 THE CHASE be worth now?

2 THE CHASE might now be worth an estimated £679,852.

This is based on house price inflation of 13.3%, between September 2019 and February 2025, for 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 13.3% inflationary increase is applied to the most recent sale price for 2 THE CHASE of £600,000 on 12th September 2019. For the value to have increased from £600,000 to £679,852 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 THE CHASE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2019 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CHASE has not materially changed since September 2019.

How Large is 2 THE CHASE?

2 THE CHASE is 175m² according to the EPC inspection conducted in November 2018. This puts it in the largest 10% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 2 THE CHASE lies on this distribution: 90% of detached houses houses are smaller than 2 THE CHASE, and 10% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 THE CHASE: Plot and Title Map

2 THE CHASE sits on a plot of roughly 0.369 of an acre, or 1,494m². The below map shows the location of 2 THE CHASE, 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 2 THE CHASE). 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 2 THE CHASE?

2 THE CHASE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 2 on THE CHASE.