3, FINCH WAY, COLCHESTER, CO4 3FU - £560,000

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

3 FINCH WAY is a very large detached house of 165m². It was last sold for £560,000 in March 2021, which was around 28% above the average March 2021 detached price in the Colchester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

3 FINCH WAY Sold Prices

Land registry data shows two sales for 3 FINCH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. One of the two 3 FINCH WAY sales was for above the average price, whilst the other was roughly equal to 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
2021 1 MAR	£560,000	£438,624	28% above HPI
2018 10 JUL	£435,000	£433,026	Close to HPI

3 FINCH 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 two 3 FINCH WAY sales from July 2018 and March 2021 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 July 2018 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 3 FINCH WAY?

3 FINCH WAY is 165m² according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 3 FINCH WAY lies on this distribution: 87% of detached houses are smaller than 3 FINCH WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 FINCH WAY: Plot and Title Map

3 FINCH WAY sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 3 FINCH 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 FINCH 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 FINCH WAY?

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