8, MARLOWE WAY, COLCHESTER, CO3 4JP - £325,000

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.

8 MARLOWE WAY is a midsized extended detached house of 119m², built sometime between 1967 and 1975, which could now be worth an estimated £470,603. It was last sold for £325,000 in May 2015, which was around 7% below the average May 2015 detached price in the Colchester local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was B.

8 MARLOWE WAY Sold Prices

Land registry data shows three sales for 8 MARLOWE WAY 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. One of the three 8 MARLOWE WAY sales was for below the average price, whilst two 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 7 MAY	£325,000	£348,924	7% below HPI
2003 8 SEP	£249,000	£237,955	5% above HPI
1997 14 MAY	£122,500	£95,443	28% above HPI

8 MARLOWE WAY 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 8 MARLOWE WAY sales between May 1997 and May 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 September 2003 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2015 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 MARLOWE WAY be worth now?

8 MARLOWE WAY might now be worth an estimated £470,603.

This is based on house price inflation of 44.8%, between May 2015 and March 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 44.8% inflationary increase is applied to the most recent sale price for 8 MARLOWE WAY of £325,000 on 7th May 2015. For the value to have increased from £325,000 to £470,603 over the ten years and two months to March 2025, the following assumptions must hold true:

• The value of 8 MARLOWE WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2015 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARLOWE WAY has not materially changed since May 2015.

How Large is 8 MARLOWE WAY?

8 MARLOWE WAY is 119m², which includes three extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 50% 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 8 MARLOWE WAY lies on this distribution: 58% of detached houses houses are smaller than 8 MARLOWE WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Colchester.

8 MARLOWE WAY: Plot and Title Map

8 MARLOWE WAY sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 8 MARLOWE 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 8 MARLOWE 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 8 MARLOWE WAY?

8 MARLOWE WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 8 on MARLOWE WAY.