34, COLCHESTER CLOSE, MITCHELDEAN, GL17 0JS - £187,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

34 COLCHESTER CLOSE is a very small semi-detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £242,702. It was last sold for £187,500 in February 2020, which was around 7% below the average February 2020 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

34 COLCHESTER CLOSE Sold Prices

Land registry data shows two sales for 34 COLCHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. One of the two 34 COLCHESTER CLOSE sales was for below the average price, whilst the other was for above 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
2020 6 FEB	£187,500	£201,781	7% below HPI
2009 7 DEC	£150,000	£147,706	2% above HPI

34 COLCHESTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two 34 COLCHESTER CLOSE sales from December 2009 and February 2020 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 2009 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2020 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 34 COLCHESTER CLOSE be worth now?

34 COLCHESTER CLOSE might now be worth an estimated £242,702.

This is based on house price inflation of 29.4%, between February 2020 and February 2025, for semi-detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.4% inflationary increase is applied to the most recent sale price for 34 COLCHESTER CLOSE of £187,500 on 6th February 2020. For the value to have increased from £187,500 to £242,702 over the five years to February 2025, the following assumptions must hold true:

• The value of 34 COLCHESTER CLOSE has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The February 2020 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 34 COLCHESTER CLOSE has not materially changed since February 2020.

How Large is 34 COLCHESTER CLOSE?

34 COLCHESTER CLOSE is 72m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of semi-detached houses houses in Mitcheldean, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mitcheldean, and where 34 COLCHESTER CLOSE lies on this distribution: 17% of semi-detached houses houses are smaller than 34 COLCHESTER CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Mitcheldean.

34 COLCHESTER CLOSE: Plot and Title Map

34 COLCHESTER CLOSE sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 34 COLCHESTER 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 34 COLCHESTER 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 34 COLCHESTER CLOSE?

34 COLCHESTER CLOSE is located in MITCHELDEAN, in the GL17 postcode district. The below map shows the position of No. 34 on COLCHESTER CLOSE.