47, GRATIAN CLOSE, HIGHWOODS, COLCHESTER, CO4 9EX - £370,000

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.

47 GRATIAN CLOSE is a midsized detached house of 110m², built sometime between 2003 and 2006, which could now be worth an estimated £451,534. It was last sold for £370,000 in December 2016, which was around 10% below the average December 2016 detached price in the Colchester local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

47 GRATIAN CLOSE Sold Prices

Land registry data shows four sales for 47 GRATIAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 47 GRATIAN 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
2016 20 DEC	£370,000	£411,552	10% below HPI
2011 19 JAN	£277,000	£286,468	3% below HPI
2007 26 JUN	£275,000	£299,762	8% below HPI
2004 4 JUN	£249,995	£257,689	3% below HPI

47 GRATIAN 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 four 47 GRATIAN CLOSE sales between June 2004 and December 2016 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 January 2011 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2016 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 47 GRATIAN CLOSE be worth now?

47 GRATIAN CLOSE might now be worth an estimated £451,534.

This is based on house price inflation of 22%, between December 2016 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 22% inflationary increase is applied to the most recent sale price for 47 GRATIAN CLOSE of £370,000 on 20th December 2016. For the value to have increased from £370,000 to £451,534 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 47 GRATIAN CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2016 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 47 GRATIAN CLOSE has not materially changed since December 2016.

How Large is 47 GRATIAN CLOSE?

47 GRATIAN CLOSE is 110m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 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 47 GRATIAN CLOSE lies on this distribution: 48% of detached houses houses are smaller than 47 GRATIAN CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Colchester.

47 GRATIAN CLOSE: Plot and Title Map

47 GRATIAN CLOSE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 47 GRATIAN 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 47 GRATIAN 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 47 GRATIAN CLOSE?

47 GRATIAN CLOSE is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 47 on GRATIAN CLOSE.