3, THE CHASE, COLCHESTER, CO1 2GF - £211,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 THE CHASE is a small semi-detached house of 91m², built sometime between 1991 and 1995, which could now be worth an estimated £209,671. It was last sold for £211,000 in December 2024, which was around 37% below the average December 2024 semi-detached price in the Colchester local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

3 THE CHASE Sold Prices

Land registry data shows two sales for 3 THE CHASE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. Both of the two 3 THE CHASE 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
2024 19 DEC	£211,000	£333,335	37% below HPI
2014 10 OCT	£168,000	£215,025	22% below HPI

3 THE CHASE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The two 3 THE CHASE sales from October 2014 and December 2024 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 October 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2024 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 3 THE CHASE be worth now?

3 THE CHASE might now be worth an estimated £209,671.

This is based on house price deflation of 0.6%, between December 2024 and February 2025, for semi-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 0.6% deflationary decrease is applied to the most recent sale price for 3 THE CHASE of £211,000 on 19th December 2024. For the value to have decreased from £211,000 to £209,671 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 3 THE CHASE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The December 2024 sale price of £211,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CHASE has not materially changed since December 2024.

How Large is 3 THE CHASE?

3 THE CHASE is 91m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 30% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 3 THE CHASE lies on this distribution: 28% of semi-detached houses houses are smaller than 3 THE CHASE, and 71% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 THE CHASE: Plot and Title Map

3 THE CHASE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 3 THE CHASE, 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 THE CHASE). 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 THE CHASE?

3 THE CHASE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 3 on THE CHASE.