11, RUGOSA CLOSE, STANWAY, COLCHESTER, CO3 0HQ - £315,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

11 RUGOSA CLOSE is a very small detached house of 50m², built sometime between 1967 and 1975. It was last sold for £315,000 in December 2021, which was around 35% below the average December 2021 detached price in the Colchester local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

11 RUGOSA CLOSE Sold Prices

Land registry data shows two sales for 11 RUGOSA 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 11 RUGOSA 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
2021 23 DEC	£315,000	£483,413	35% below HPI
2020 4 SEP	£232,500	£434,672	47% below HPI

11 RUGOSA 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 11 RUGOSA CLOSE sales from September 2020 and December 2021 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 September 2020 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 11 RUGOSA CLOSE?

11 RUGOSA CLOSE is 50m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 11 RUGOSA CLOSE lies on this distribution: 1% of detached houses are smaller than 11 RUGOSA CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

11 RUGOSA CLOSE: Plot and Title Map

11 RUGOSA CLOSE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 11 RUGOSA 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 11 RUGOSA 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 11 RUGOSA CLOSE?

11 RUGOSA CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 11 on RUGOSA CLOSE.