38, QUEEN ELIZABETH WAY, COLCHESTER, CO2 8QL - £270,000

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.

38 QUEEN ELIZABETH WAY is a very small extended terraced house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £276,936. It was last sold for £270,000 in November 2023, which was around 4% above the average November 2023 terraced price in the Colchester local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

38 QUEEN ELIZABETH WAY Sold Prices

Land registry data shows six sales for 38 QUEEN ELIZABETH WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. The six 38 QUEEN ELIZABETH WAY sales were a mix of above the average price, roughly equal to the average price, and 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
2023 1 NOV	£270,000	£259,789	4% above HPI
2016 20 APR	£195,000	£194,951	Close to HPI
2012 10 JAN	£135,000	£150,271	10% below HPI
2001 31 AUG	£76,000	£77,827	2% below HPI
1998 30 JAN	£46,000	£48,817	6% below HPI
1996 31 OCT	£43,000	£43,523	1% below HPI

38 QUEEN ELIZABETH 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 six 38 QUEEN ELIZABETH WAY sales between October 1996 and November 2023 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 April 2016 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 38 QUEEN ELIZABETH WAY be worth now?

38 QUEEN ELIZABETH WAY might now be worth an estimated £276,936.

This is based on house price inflation of 2.6%, between November 2023 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 2.6% inflationary increase is applied to the most recent sale price for 38 QUEEN ELIZABETH WAY of £270,000 on 1st November 2023. For the value to have increased from £270,000 to £276,936 over the two years and one month to October 2025, the following assumptions must hold true:

• The value of 38 QUEEN ELIZABETH WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The November 2023 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 38 QUEEN ELIZABETH WAY has not materially changed since November 2023.

How Large is 38 QUEEN ELIZABETH WAY?

38 QUEEN ELIZABETH WAY is 74m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% 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 38 QUEEN ELIZABETH WAY lies on this distribution: 9% of terraced houses houses are smaller than 38 QUEEN ELIZABETH WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Colchester.

38 QUEEN ELIZABETH WAY: Plot and Title Map

38 QUEEN ELIZABETH WAY sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 38 QUEEN ELIZABETH 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 38 QUEEN ELIZABETH 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 38 QUEEN ELIZABETH WAY?

38 QUEEN ELIZABETH WAY is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 38 on QUEEN ELIZABETH WAY.