3, NORMAN WAY, COLCHESTER, CO3 4PS - £280,000

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 NORMAN WAY is a very small detached house of 57m², built sometime between 1950 and 1966. It was last sold for £280,000 in August 2017, which was around 35% below the average August 2017 detached price in the Colchester local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was D.

3 NORMAN WAY Sold Prices

Land registry data shows two sales for 3 NORMAN 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. Both of the two 3 NORMAN 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 18 AUG	£280,000	£428,227	35% below HPI
2011 16 DEC	£190,000	£286,632	34% below HPI

3 NORMAN 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 NORMAN WAY sales from December 2011 and August 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 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2017 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 NORMAN WAY?

3 NORMAN WAY is 57m² according to the EPC inspection conducted in August 2014. 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 NORMAN WAY lies on this distribution: 2% of detached houses are smaller than 3 NORMAN WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 NORMAN WAY: Plot and Title Map

3 NORMAN WAY sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 3 NORMAN 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 NORMAN 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 NORMAN WAY?

3 NORMAN WAY is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 3 on NORMAN WAY.