10, GILWELL PARK CLOSE, COLCHESTER, CO3 4SP - £385,000

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.

10 GILWELL PARK CLOSE is a very small detached house of 80m², built sometime between 1930 and 1949, which could now be worth an estimated £423,885. It was last sold for £385,000 in November 2020, which was around 16% below the average November 2020 detached price in the Colchester local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

10 GILWELL PARK CLOSE Sold Prices

Land registry data shows two sales for 10 GILWELL PARK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 10 GILWELL PARK CLOSE 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 27 NOV	£385,000	£456,169	16% below HPI
2012 16 AUG	£230,000	£290,562	21% below HPI

10 GILWELL PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The two 10 GILWELL PARK CLOSE sales from August 2012 and November 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 2012 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 10 GILWELL PARK CLOSE be worth now?

10 GILWELL PARK CLOSE might now be worth an estimated £423,885.

This is based on house price inflation of 10.1%, between November 2020 and February 2025, for 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 10.1% inflationary increase is applied to the most recent sale price for 10 GILWELL PARK CLOSE of £385,000 on 27th November 2020. For the value to have increased from £385,000 to £423,885 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 10 GILWELL PARK CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 10 GILWELL PARK CLOSE has not materially changed since November 2020.

How Large is 10 GILWELL PARK CLOSE?

10 GILWELL PARK CLOSE is 80m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 10 GILWELL PARK CLOSE lies on this distribution: 14% of detached houses houses are smaller than 10 GILWELL PARK CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Colchester.

10 GILWELL PARK CLOSE: Plot and Title Map

10 GILWELL PARK CLOSE sits on a plot of roughly 0.169 of an acre, or 683m². The below map shows the location of 10 GILWELL PARK 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 10 GILWELL PARK 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 10 GILWELL PARK CLOSE?

10 GILWELL PARK CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 10 on GILWELL PARK CLOSE.