3, REDWING CLOSE, STANWAY, COLCHESTER, CO3 8AL - £290,000

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 REDWING CLOSE is a small detached house of 91m². It was last sold for £290,000 in August 2019, which was around 34% below the average August 2019 detached price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was B, and the potential energy rating was A.

3 REDWING CLOSE Sold Prices

Land registry data shows two sales for 3 REDWING 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 REDWING 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
2019 27 AUG	£290,000	£440,286	34% below HPI
2015 30 APR	£265,000	£345,478	23% below HPI

3 REDWING 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 REDWING CLOSE sales from April 2015 and August 2019 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 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2019 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 3 REDWING CLOSE?

3 REDWING CLOSE is 91m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% 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 REDWING CLOSE lies on this distribution: 28% of detached houses are smaller than 3 REDWING CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 REDWING CLOSE: Plot and Title Map

3 REDWING CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 3 REDWING 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 REDWING 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 REDWING CLOSE?

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