5, HALE WAY, COLCHESTER, CO4 5BD - £385,000

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

5 HALE WAY is a midsized detached house of 104m², built sometime between 2003 and 2006. It was last sold for £385,000 in February 2023, which was around 27% below the average February 2023 detached price in the Colchester local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

5 HALE WAY Sold Prices

Land registry data shows three sales for 5 HALE 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 5 HALE 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
2023 24 FEB	£385,000	£524,839	27% below HPI
2004 31 AUG	£229,000	£261,089	12% below HPI
2003 29 AUG	£224,995	£236,145	5% below HPI

5 HALE 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 5 HALE WAY sales between August 2003 and February 2023 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 2004 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 5 HALE WAY?

5 HALE WAY is 104m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 5 HALE WAY lies on this distribution: 42% of detached houses are smaller than 5 HALE WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 HALE WAY: Plot and Title Map

5 HALE WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 5 HALE 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 5 HALE 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 5 HALE WAY?

5 HALE WAY is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 5 on HALE WAY.