16, GOLDFINCH CLOSE, COLCHESTER, CO4 3TY - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 GOLDFINCH CLOSE is a midsized detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £341,890. It was last sold for £335,000 in July 2024, which was around 33% below the average July 2024 detached price in the Colchester local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

16 GOLDFINCH CLOSE Sold Prices

Land registry data shows two sales for 16 GOLDFINCH 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 16 GOLDFINCH 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
2024 9 JUL	£335,000	£498,343	33% below HPI
2003 21 OCT	£197,995	£236,414	16% below HPI

16 GOLDFINCH 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 16 GOLDFINCH CLOSE sales from October 2003 and July 2024 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 October 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2024 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 16 GOLDFINCH CLOSE be worth now?

16 GOLDFINCH CLOSE might now be worth an estimated £341,890.

This is based on house price inflation of 2.1%, between July 2024 and December 2024, 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 2.1% inflationary increase is applied to the most recent sale price for 16 GOLDFINCH CLOSE of £335,000 on 9th July 2024. For the value to have increased from £335,000 to £341,890 over the seven months to December 2024, the following assumptions must hold true:

• The value of 16 GOLDFINCH CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2024 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GOLDFINCH CLOSE has not materially changed since July 2024.

How Large is 16 GOLDFINCH CLOSE?

16 GOLDFINCH CLOSE is 103m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 50% 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 16 GOLDFINCH CLOSE lies on this distribution: 41% of detached houses houses are smaller than 16 GOLDFINCH CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Colchester.

16 GOLDFINCH CLOSE: Plot and Title Map

16 GOLDFINCH CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 16 GOLDFINCH 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 16 GOLDFINCH 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 16 GOLDFINCH CLOSE?

16 GOLDFINCH CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 16 on GOLDFINCH CLOSE.