2, EWAN CLOSE, STANWAY, COLCHESTER, CO3 0JF - £370,000

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

2 EWAN CLOSE is a small extended detached house of 87m², built sometime between 1976 and 1982. It was last sold for £370,000 in March 2024, which was around 25% below the average March 2024 detached price in the Colchester local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

2 EWAN CLOSE Sold Prices

Land registry data shows three sales for 2 EWAN 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 2 EWAN 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 15 MAR	£370,000	£492,452	25% below HPI
2010 27 AUG	£220,000	£284,644	23% below HPI
2003 31 JAN	£149,000	£226,737	34% below HPI

2 EWAN 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 2 EWAN CLOSE sales between January 2003 and March 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 August 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2024 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 EWAN CLOSE?

2 EWAN CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 EWAN CLOSE lies on this distribution: 22% of detached houses are smaller than 2 EWAN CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 EWAN CLOSE: Plot and Title Map

2 EWAN CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 2 EWAN 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 2 EWAN 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 2 EWAN CLOSE?

2 EWAN CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 2 on EWAN CLOSE.