74, MORRIS WAY, LONDON COLNEY, ST ALBANS, AL2 1JN - £465,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

74 MORRIS WAY is a very small extended semi-detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £561,687. It was last sold for £465,000 in August 2019, which was around 25% below the average August 2019 semi-detached price in the St Albans local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

74 MORRIS WAY Sold Prices

Land registry data shows two sales for 74 MORRIS WAY 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 St Albans local authority area for the corresponding sale date. Both of the two 74 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
2019 9 AUG	£465,000	£623,833	25% below HPI
2012 2 NOV	£295,000	£431,358	32% below HPI

74 MORRIS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the St Albans local authority area over time, sourced from the HPI. The two 74 MORRIS WAY sales from November 2012 and August 2019 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 November 2012 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2019 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 74 MORRIS WAY be worth now?

74 MORRIS WAY might now be worth an estimated £561,687.

This is based on house price inflation of 20.8%, between August 2019 and February 2025, for semi-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 20.8% inflationary increase is applied to the most recent sale price for 74 MORRIS WAY of £465,000 on 9th August 2019. For the value to have increased from £465,000 to £561,687 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 74 MORRIS WAY has moved in line with the HPI for semi-detached houses in the St Albans local authority area.
• The August 2019 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 74 MORRIS WAY has not materially changed since August 2019.

How Large is 74 MORRIS WAY?

74 MORRIS WAY is 92m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of semi-detached houses houses in London Colney, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London Colney, and where 74 MORRIS WAY lies on this distribution: 14% of semi-detached houses houses are smaller than 74 MORRIS WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in London Colney.

74 MORRIS WAY: Plot and Title Map

74 MORRIS WAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 74 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 74 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 74 MORRIS WAY?

74 MORRIS WAY is located in LONDON COLNEY, in the AL2 postcode district. The below map shows the position of No. 74 on MORRIS WAY.