3, GUNFLEET CLOSE, WEST MERSEA, COLCHESTER, CO5 8LE - £265,000

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

3 GUNFLEET CLOSE is a very small detached house of 68m², built sometime between 1967 and 1975. It was last sold for £265,000 in February 2016, which was around 29% below the average February 2016 detached price in the Colchester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

3 GUNFLEET CLOSE Sold Prices

Land registry data shows two sales for 3 GUNFLEET 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. Both of the two 3 GUNFLEET 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
2016 19 FEB	£265,000	£375,769	29% below HPI
1995 12 DEC	£64,500	£87,628	26% below HPI

3 GUNFLEET 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 GUNFLEET CLOSE sales from December 1995 and February 2016 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 December 1995 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2016 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 3 GUNFLEET CLOSE be worth now?

3 GUNFLEET CLOSE might now be worth an estimated £358,670.

This is based on house price inflation of 35.3%, between February 2016 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 35.3% inflationary increase is applied to the most recent sale price for 3 GUNFLEET CLOSE of £265,000 on 19th February 2016. For the value to have increased from £265,000 to £358,670 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 3 GUNFLEET CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2016 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GUNFLEET CLOSE has not materially changed since February 2016.

How Large is 3 GUNFLEET CLOSE?

3 GUNFLEET CLOSE is 68m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 3 GUNFLEET CLOSE lies on this distribution: 5% of detached houses houses are smaller than 3 GUNFLEET CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 GUNFLEET CLOSE: Plot and Title Map

3 GUNFLEET CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 3 GUNFLEET 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 GUNFLEET 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 GUNFLEET CLOSE?

3 GUNFLEET CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 3 on GUNFLEET CLOSE.