3, GRESLEY CLOSE, COLCHESTER, CO4 5WF - £500,000

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

3 GRESLEY CLOSE is a midsized extended detached house of 110m², built sometime between 1996 and 2002. It was last sold for £500,000 in March 2024, which was around 2% above the average March 2024 detached price in the Colchester local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

3 GRESLEY CLOSE Sold Prices

Land registry data shows two sales for 3 GRESLEY 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. One of the two 3 GRESLEY CLOSE sales was for above the average price, whilst the other was 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	£500,000	£488,997	2% above HPI
2021 18 FEB	£425,000	£442,770	4% below HPI

3 GRESLEY 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 3 GRESLEY CLOSE sales from February 2021 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 February 2021 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2024 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 3 GRESLEY CLOSE?

3 GRESLEY CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in October 2018. This puts it in the smallest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 3 GRESLEY CLOSE lies on this distribution: 48% of detached houses are smaller than 3 GRESLEY CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 GRESLEY CLOSE: Plot and Title Map

3 GRESLEY CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 3 GRESLEY 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 3 GRESLEY 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 3 GRESLEY CLOSE?

3 GRESLEY CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 3 on GRESLEY CLOSE.