22, MARRAM CLOSE, STANWAY, COLCHESTER, CO3 0PJ - £358,000

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

22 MARRAM CLOSE is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £358,000 in February 2022, which was around 26% below the average February 2022 detached price in the Colchester local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

22 MARRAM CLOSE Sold Prices

Land registry data shows four sales for 22 MARRAM 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 22 MARRAM 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
2022 1 FEB	£358,000	£485,508	26% below HPI
2009 30 SEP	£185,000	£266,341	31% below HPI
2003 1 DEC	£165,000	£240,695	31% below HPI
2002 26 MAR	£121,500	£181,389	33% below HPI

22 MARRAM 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 22 MARRAM CLOSE sales between March 2002 and February 2022 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 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 22 MARRAM CLOSE?

22 MARRAM CLOSE is 83m² according to the EPC inspection conducted in November 2021. 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 22 MARRAM CLOSE lies on this distribution: 17% of detached houses are smaller than 22 MARRAM CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Colchester.

22 MARRAM CLOSE: Plot and Title Map

22 MARRAM CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 22 MARRAM 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 22 MARRAM 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 22 MARRAM CLOSE?

22 MARRAM CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 22 on MARRAM CLOSE.