41, REDWOOD CLOSE, COLCHESTER, CO4 3PA - £366,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

41 REDWOOD CLOSE is a large detached house of 124m², built sometime between 1967 and 1975. It was last sold for £366,000 in September 2022, which was around 29% below the average September 2022 detached price in the Colchester local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

41 REDWOOD CLOSE Sold Prices

Land registry data shows three sales for 41 REDWOOD 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 41 REDWOOD 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
2022 28 SEP	£366,000	£512,793	29% below HPI
2006 23 MAY	£215,000	£279,792	23% below HPI
2002 24 JAN	£120,000	£177,707	32% below HPI

41 REDWOOD 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 41 REDWOOD CLOSE sales between January 2002 and September 2022 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 May 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 41 REDWOOD CLOSE?

41 REDWOOD CLOSE is 124m² according to the EPC inspection conducted in March 2022. 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 41 REDWOOD CLOSE lies on this distribution: 63% of detached houses are smaller than 41 REDWOOD CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Colchester.

41 REDWOOD CLOSE: Plot and Title Map

41 REDWOOD CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 41 REDWOOD 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 41 REDWOOD 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 41 REDWOOD CLOSE?

41 REDWOOD CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 41 on REDWOOD CLOSE.