3, MARRAM CLOSE, STANWAY, COLCHESTER, CO3 0PJ - £241,000

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 MARRAM CLOSE is a large extended detached house of 122m², built sometime between 1976 and 1982. It was last sold for £241,000 in August 2006, which was around 15% below the average August 2006 detached price in the Colchester local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

3 MARRAM CLOSE Sold Prices

Land registry data shows two sales for 3 MARRAM 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 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
2006 25 AUG	£241,000	£282,194	15% below HPI
1998 8 APR	£83,000	£107,269	23% below HPI

3 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 two 3 MARRAM CLOSE sales from April 1998 and August 2006 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 April 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2006 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 3 MARRAM CLOSE?

3 MARRAM CLOSE is 122m², which includes two extensions, according to the EPC inspection conducted in January 2013. This puts it in the largest 40% 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 MARRAM CLOSE lies on this distribution: 61% of detached houses are smaller than 3 MARRAM CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 MARRAM CLOSE: Plot and Title Map

3 MARRAM CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 3 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 3 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 3 MARRAM CLOSE?

3 MARRAM CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 3 on MARRAM CLOSE.