73B, MORRIS WAY, LONDON COLNEY, ST ALBANS, AL2 1JN - £585,000

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

73B MORRIS WAY is a large extended detached house of 146m², built sometime from 2007 onwards, which could now be worth an estimated £701,458. It was last sold for £585,000 in February 2020, which was around 44% below the average February 2020 detached price in the St Albans local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

73B MORRIS WAY Sold Prices

Land registry data shows three sales for 73B MORRIS 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 St Albans local authority area for the corresponding sale date. All of the three 73B MORRIS 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
2020 14 FEB	£585,000	£1,037,910	44% below HPI
2006 4 AUG	£295,000	£577,890	49% below HPI
2003 1 JUL	£340,000	£493,463	31% below HPI

73B MORRIS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the St Albans local authority area over time, sourced from the HPI. The three 73B MORRIS WAY sales between July 2003 and February 2020 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 2006 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the February 2020 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 73B MORRIS WAY be worth now?

73B MORRIS WAY might now be worth an estimated £701,458.

This is based on house price inflation of 19.9%, between February 2020 and December 2024, for detached houses, in the St Albans local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.9% inflationary increase is applied to the most recent sale price for 73B MORRIS WAY of £585,000 on 14th February 2020. For the value to have increased from £585,000 to £701,458 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 73B MORRIS WAY has moved in line with the HPI for detached houses in the St Albans local authority area.
• The February 2020 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 73B MORRIS WAY has not materially changed since February 2020.

How Large is 73B MORRIS WAY?

73B MORRIS WAY is 146m², which includes three extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 30% of detached houses houses in London Colney, based on EPC data. The below chart shows the distribution of detached houses houses by size in London Colney, and where 73B MORRIS WAY lies on this distribution: 70% of detached houses houses are smaller than 73B MORRIS WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in London Colney.

73B MORRIS WAY: Plot and Title Map

73B MORRIS WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 73B MORRIS 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 73B MORRIS 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 73B MORRIS WAY?

73B MORRIS WAY is located in LONDON COLNEY, in the AL2 postcode district. The below map shows the position of No. 73B on MORRIS WAY.