163 Magnolia Drive, Colchester, CO4 3LX is a leasehold flat built between 1967-1975. The property offers approximately 484 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £109,763 , which equates to approximately £227 per square foot. It was last sold on 21 Sep 2015 for £85,000. Since then, the value has increased by £24,763, representing a 29.1% increase, or approximately 2.8% per year.

The current estimated value of £109,763 is:

  • 52.5% lower than the average property price on Magnolia Drive
  • 59.6% lower than the average in the CO4 3LX postcode area
  • and 67.0% lower than the average price for Colchester as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 5 August 2009, the property was recorded as owner-occupied.

View sold house prices in CO4 3LX

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
484 sq ft
Tenure
Leasehold
Price (estimate)
£109,763
Price Per sq ft (estimate)
£227
Bedroom Count (estimate)
1 bedroom

EPC Summary

163 Magnolia Drive, Colchester, Essex, CO4 3LX has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 21 Dec 2019.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 5 Aug 2009, when the property was rated F. Since then, the rating has improved to D, with the energy efficiency score increasing by 110.3%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric storage heaters).
  • The hot water system was changed from electric immersion, off-peak, no cylinderstat to electric immersion, off-peak, with its energy efficiency improving from very poor to average.
  • The roof construction or insulation changed from pitched, limited insulation (assumed) to (another dwelling above), changing energy efficiency from very poor to n/a.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, filled cavity, improving energy efficiency from poor to average.
  • The lighting was changed from low energy lighting in 35% of fixed outlets to low energy lighting in 33% of fixed outlets, with no change in efficiency (average).
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, filled cavity
Average
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 33% of fixed outlets
Average

Compared to CO4 3LX

16 th / 16
Price Rank
60% lower than average
15 th / 15
Size Rank
49% smaller than average
12 th / 15
Price Per Sq FT Rank
21% lower than average

Compared to other properties in CO4 3LX , this flat's estimated value ranks 16th out of 16. Based on price per square foot, it ranks 12th out of 15 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 15th out of 15 properties in its postcode area.

Sale History

Today
£109,763
streetscan.co.uk estimate
+29 %
21 Sep 2015
£85,000
Leasehold
+6.3 %
5 Jan 2010
£79,995
Leasehold

Area Insights

Similar Properties Sold Nearby

2, Redwood Court Magnolia Drive, Colchester, CO4 3LG
rooms: 2
size: 549 sq ft
sale price: £29,500
sale date: 22 Aug 2011

Data Sources

The property at 163 Magnolia Drive, Colchester, CO4 3LX appears two times in the Land Registry records, with the latest transaction recorded on 21 Sep 2015. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 21 Dec 2019. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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