2, RUGOSA CLOSE, STANWAY, COLCHESTER, CO3 0HQ - £485,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 RUGOSA CLOSE is a very small extended detached house of 85m², built sometime between 1950 and 1966. It was last sold for £485,000 in January 2023, which was around 8% below the average January 2023 detached price in the Colchester local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

2 RUGOSA CLOSE Sold Prices

Land registry data shows three sales for 2 RUGOSA 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 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
2023 16 JAN	£485,000	£525,879	8% below HPI
2006 27 JAN	£248,000	£274,085	10% below HPI
2004 28 JAN	£175,000	£245,575	29% below HPI

2 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 three 2 RUGOSA CLOSE sales between January 2004 and January 2023 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 January 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 RUGOSA CLOSE?

2 RUGOSA CLOSE is 85m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% 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 RUGOSA CLOSE lies on this distribution: 20% of detached houses are smaller than 2 RUGOSA CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 RUGOSA CLOSE: Plot and Title Map

2 RUGOSA CLOSE sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of 2 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 2 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 2 RUGOSA CLOSE?

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