3, MAGNUS DRIVE, COLCHESTER, CO4 9WQ - £250,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 MAGNUS DRIVE is a very small semi-detached house of 75m², built sometime between 2003 and 2006. It was last sold for £250,000 in July 2017, which was around 41% below the average July 2017 detached price in the Colchester local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

3 MAGNUS DRIVE Sold Prices

Land registry data shows three sales for 3 MAGNUS DRIVE 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 3 MAGNUS DRIVE 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 7 JUL	£250,000	£423,682	41% below HPI
2011 16 DEC	£172,000	£286,632	40% below HPI
2002 21 JUN	£127,950	£190,467	33% below HPI

3 MAGNUS DRIVE 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 3 MAGNUS DRIVE sales between June 2002 and July 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 December 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2017 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 3 MAGNUS DRIVE?

3 MAGNUS DRIVE is 75m² according to the EPC inspection conducted in December 2021. 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 3 MAGNUS DRIVE lies on this distribution: 9% of detached houses are smaller than 3 MAGNUS DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 MAGNUS DRIVE: Plot and Title Map

3 MAGNUS DRIVE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 3 MAGNUS DRIVE, 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 MAGNUS DRIVE). 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 MAGNUS DRIVE?

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