40, ORWELL CLOSE, COLCHESTER, CO4 3YW - £285,000

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.

40 ORWELL CLOSE is a small extended detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £342,707. It was last sold for £285,000 in May 2017, which was around 32% below the average May 2017 detached price in the Colchester local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

40 ORWELL CLOSE Sold Prices

Land registry data shows three sales for 40 ORWELL 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. All of the three 40 ORWELL 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
2017 5 MAY	£285,000	£417,672	32% below HPI
1997 27 MAR	£47,570	£93,221	49% below HPI
1995 16 OCT	£60,000	£89,397	33% below HPI

40 ORWELL 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 40 ORWELL CLOSE sales between October 1995 and May 2017 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 March 1997 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 40 ORWELL CLOSE be worth now?

40 ORWELL CLOSE might now be worth an estimated £342,707.

This is based on house price inflation of 20.2%, between May 2017 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 20.2% inflationary increase is applied to the most recent sale price for 40 ORWELL CLOSE of £285,000 on 5th May 2017. For the value to have increased from £285,000 to £342,707 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 40 ORWELL CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 40 ORWELL CLOSE has not materially changed since May 2017.

How Large is 40 ORWELL CLOSE?

40 ORWELL CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% 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 40 ORWELL CLOSE lies on this distribution: 37% of detached houses houses are smaller than 40 ORWELL CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Colchester.

40 ORWELL CLOSE: Plot and Title Map

40 ORWELL CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 40 ORWELL 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 40 ORWELL 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 40 ORWELL CLOSE?

40 ORWELL CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 40 on ORWELL CLOSE.