1, CLARA REEVE CLOSE, COLCHESTER, CO3 9XD - £211,000

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.

1 CLARA REEVE CLOSE is a very small extended semi-detached house of 46m², built sometime between 1996 and 2002, which could now be worth an estimated £253,538. It was last sold for £211,000 in April 2020, which was around 23% below the average April 2020 semi-detached price in the Colchester local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was A.

1 CLARA REEVE CLOSE Sold Prices

Land registry data shows five sales for 1 CLARA REEVE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. The five 1 CLARA REEVE CLOSE sales were a mix of below the average price, roughly equal to the average price, and above 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 30 APR	£211,000	£275,662	23% below HPI
2017 28 FEB	£208,000	£265,657	22% below HPI
2002 4 JUL	£143,000	£122,636	17% above HPI
1996 21 OCT	£58,000	£56,262	3% above HPI
1995 16 NOV	£55,000	£55,123	Close to HPI

1 CLARA REEVE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The five 1 CLARA REEVE CLOSE sales between November 1995 and April 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 February 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 1 CLARA REEVE CLOSE be worth now?

1 CLARA REEVE CLOSE might now be worth an estimated £253,538.

This is based on house price inflation of 20.2%, between April 2020 and February 2025, for semi-detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.2% inflationary increase is applied to the most recent sale price for 1 CLARA REEVE CLOSE of £211,000 on 30th April 2020. For the value to have increased from £211,000 to £253,538 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of 1 CLARA REEVE CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The April 2020 sale price of £211,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CLARA REEVE CLOSE has not materially changed since April 2020.

How Large is 1 CLARA REEVE CLOSE?

1 CLARA REEVE CLOSE is 46m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 1 CLARA REEVE CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 1 CLARA REEVE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 CLARA REEVE CLOSE: Plot and Title Map

1 CLARA REEVE CLOSE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 1 CLARA REEVE CLOSE, 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 1 CLARA REEVE CLOSE). 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 1 CLARA REEVE CLOSE?

1 CLARA REEVE CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 1 on CLARA REEVE CLOSE.