14, ROMFORD CLOSE, COLCHESTER, CO4 0AP - £248,000

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.

14 ROMFORD CLOSE is a very small semi-detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £295,129. It was last sold for £248,000 in March 2019, which was around 11% below the average March 2019 semi-detached price in the Colchester local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was C.

14 ROMFORD CLOSE Sold Prices

Land registry data shows two sales for 14 ROMFORD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. Both of the two 14 ROMFORD 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
2019 15 MAR	£248,000	£278,341	11% below HPI
2015 6 FEB	£179,000	£215,587	17% below HPI

14 ROMFORD 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 two 14 ROMFORD CLOSE sales from February 2015 and March 2019 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 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 14 ROMFORD CLOSE be worth now?

14 ROMFORD CLOSE might now be worth an estimated £295,129.

This is based on house price inflation of 19%, between March 2019 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 19% inflationary increase is applied to the most recent sale price for 14 ROMFORD CLOSE of £248,000 on 15th March 2019. For the value to have increased from £248,000 to £295,129 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 14 ROMFORD CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The March 2019 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 14 ROMFORD CLOSE has not materially changed since March 2019.

How Large is 14 ROMFORD CLOSE?

14 ROMFORD CLOSE is 79m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% 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 14 ROMFORD CLOSE lies on this distribution: 13% of semi-detached houses houses are smaller than 14 ROMFORD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Colchester.

14 ROMFORD CLOSE: Plot and Title Map

14 ROMFORD CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 14 ROMFORD 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 14 ROMFORD 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 14 ROMFORD CLOSE?

14 ROMFORD CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 14 on ROMFORD CLOSE.