3, HALE WAY, COLCHESTER, CO4 5BD - £315,500

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.

3 HALE WAY is a large extended terraced house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £456,893. It was last sold for £315,500 in April 2015, which was around 75% above the average April 2015 terraced price in the Colchester local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

3 HALE WAY Sold Prices

Land registry data shows two sales for 3 HALE 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. One of the two 3 HALE WAY sales was for above the average price, whilst the other was 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 7 APR	£315,500	£179,980	75% above HPI
2003 24 NOV	£89,995	£115,707	22% below HPI

3 HALE 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 3 HALE WAY sales from November 2003 and April 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 November 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2015 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might 3 HALE WAY be worth now?

3 HALE WAY might now be worth an estimated £456,893.

This is based on house price inflation of 44.8%, between April 2015 and June 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 44.8% inflationary increase is applied to the most recent sale price for 3 HALE WAY of £315,500 on 7th April 2015. For the value to have increased from £315,500 to £456,893 over the nine years and ten months to June 2025, the following assumptions must hold true:

• The value of 3 HALE WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The April 2015 sale price of £315,500 represented a fair market value for the property.
• The size, condition, and specification of 3 HALE WAY has not materially changed since April 2015.

How Large is 3 HALE WAY?

3 HALE WAY is 130m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the largest 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 3 HALE WAY lies on this distribution: 68% of terraced houses houses are smaller than 3 HALE WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 HALE WAY: Plot and Title Map

3 HALE WAY sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 3 HALE 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 3 HALE 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 3 HALE WAY?

3 HALE WAY is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 3 on HALE WAY.