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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

73B MORRIS WAY is a large extended detached house of 146m², built sometime from 2007 onwards. It was last sold for £585,000 in February 2020, which was around 40% 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	£974,825	40% below HPI
2006 4 AUG	£295,000	£542,764	46% below HPI
2003 1 JUL	£340,000	£463,469	27% 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 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2020 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 in London Colney, based on EPC data. The below chart shows the distribution of detached houses by size in London Colney, and where 73B MORRIS WAY lies on this distribution: 70% of detached 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.