2, MEADOW GRASS CLOSE, STANWAY, COLCHESTER, CO3 0PL - £325,000

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

2 MEADOW GRASS CLOSE is a small detached house of 89m², built sometime between 1983 and 1990, which could now be worth an estimated £360,853. It was last sold for £325,000 in December 2020, which was around 29% below the average December 2020 detached price in the Colchester local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

2 MEADOW GRASS CLOSE Sold Prices

Land registry data shows four sales for 2 MEADOW GRASS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 2 MEADOW GRASS 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
2020 4 DEC	£325,000	£458,060	29% below HPI
2015 18 SEP	£250,000	£363,534	31% below HPI
2003 11 JUL	£162,000	£237,164	32% below HPI
1997 29 AUG	£73,000	£99,788	27% below HPI

2 MEADOW GRASS 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 four 2 MEADOW GRASS CLOSE sales between August 1997 and December 2020 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 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2020 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 MEADOW GRASS CLOSE be worth now?

2 MEADOW GRASS CLOSE might now be worth an estimated £360,853.

This is based on house price inflation of 11%, between December 2020 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 11% inflationary increase is applied to the most recent sale price for 2 MEADOW GRASS CLOSE of £325,000 on 4th December 2020. For the value to have increased from £325,000 to £360,853 over the four years to December 2024, the following assumptions must hold true:

• The value of 2 MEADOW GRASS CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEADOW GRASS CLOSE has not materially changed since December 2020.

How Large is 2 MEADOW GRASS CLOSE?

2 MEADOW GRASS CLOSE is 89m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 30% 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 2 MEADOW GRASS CLOSE lies on this distribution: 25% of detached houses houses are smaller than 2 MEADOW GRASS CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 MEADOW GRASS CLOSE: Plot and Title Map

2 MEADOW GRASS CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 2 MEADOW GRASS 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 MEADOW GRASS 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 MEADOW GRASS CLOSE?

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