4, MILES CLOSE, STANWAY, COLCHESTER, CO3 0JB - £325,000

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

4 MILES CLOSE is a midsized detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £508,068. It was last sold for £325,000 in July 2014, which was around 1% above the average July 2014 detached price in the Colchester local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

4 MILES CLOSE Sold Prices

Land registry data shows three sales for 4 MILES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Two of the three 4 MILES CLOSE sales were for above the average price, whilst one 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
2014 28 JUL	£325,000	£321,273	1% above HPI
2007 26 SEP	£285,000	£307,655	7% below HPI
1998 20 NOV	£135,000	£112,678	20% above HPI

4 MILES 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 three 4 MILES CLOSE sales between November 1998 and July 2014 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 September 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2014 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 4 MILES CLOSE be worth now?

4 MILES CLOSE might now be worth an estimated £508,068.

This is based on house price inflation of 56.3%, between July 2014 and February 2025, 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 56.3% inflationary increase is applied to the most recent sale price for 4 MILES CLOSE of £325,000 on 28th July 2014. For the value to have increased from £325,000 to £508,068 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 4 MILES CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2014 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MILES CLOSE has not materially changed since July 2014.

How Large is 4 MILES CLOSE?

4 MILES CLOSE is 117m² according to the EPC inspection conducted in June 2014. This puts it in the largest 50% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 4 MILES CLOSE lies on this distribution: 56% of detached houses houses are smaller than 4 MILES CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Colchester.

4 MILES CLOSE: Plot and Title Map

4 MILES CLOSE sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 4 MILES 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 4 MILES 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 4 MILES CLOSE?

4 MILES CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 4 on MILES CLOSE.