10, MILES CLOSE, STANWAY, COLCHESTER, CO3 0JB - £540,000

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 MILES CLOSE is a large detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £528,294. It was last sold for £540,000 in May 2023, which was around 5% above the average May 2023 detached price in the Colchester local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

10 MILES CLOSE Sold Prices

Land registry data shows three sales for 10 MILES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 10 MILES CLOSE sales were for 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
2023 4 MAY	£540,000	£513,371	5% above HPI
2000 12 JUN	£189,950	£144,233	32% above HPI
1996 29 AUG	£125,000	£91,159	37% above HPI

10 MILES 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 three 10 MILES CLOSE sales between August 1996 and May 2023 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 June 2000 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2023 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 10 MILES CLOSE be worth now?

10 MILES CLOSE might now be worth an estimated £528,294.

This is based on house price deflation of 2.2%, between May 2023 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 2.2% deflationary decrease is applied to the most recent sale price for 10 MILES CLOSE of £540,000 on 4th May 2023. For the value to have decreased from £540,000 to £528,294 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 10 MILES CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2023 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MILES CLOSE has not materially changed since May 2023.

How Large is 10 MILES CLOSE?

10 MILES CLOSE is 130m² according to the EPC inspection conducted in February 2023. This puts it in the largest 40% 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 MILES CLOSE lies on this distribution: 68% of detached houses houses are smaller than 10 MILES CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Colchester.

10 MILES CLOSE: Plot and Title Map

10 MILES CLOSE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 10 MILES 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 MILES 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 MILES CLOSE?

10 MILES CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 10 on MILES CLOSE.