1, MARIO WAY, COLCHESTER, CO2 7QN - £235,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MARIO WAY is a very small detached house of 68m², built sometime between 2003 and 2006. It was last sold for £235,000 in October 2017, which was around 46% below the average October 2017 detached price in the Colchester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

1 MARIO WAY Sold Prices

Land registry data shows three sales for 1 MARIO 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. All of the three 1 MARIO WAY sales were 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
2017 23 OCT	£235,000	£433,691	46% below HPI
2015 4 AUG	£221,500	£352,908	37% below HPI
2006 30 JUN	£170,200	£279,204	39% below HPI

1 MARIO 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 1 MARIO WAY sales between June 2006 and October 2017 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 August 2015 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 1 MARIO WAY?

1 MARIO WAY is 68m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 1 MARIO WAY lies on this distribution: 6% of detached houses are smaller than 1 MARIO WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 MARIO WAY: Plot and Title Map

1 MARIO WAY sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 1 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 1 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 1 MARIO WAY?

1 MARIO WAY is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 1 on MARIO WAY.