47, REDWOOD CLOSE, COLCHESTER, CO4 3PA - £215,000

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 REDWOOD CLOSE is a small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £334,406. It was last sold for £215,000 in August 2014, which was around 34% below the average August 2014 detached price in the Colchester local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was B.

47 REDWOOD CLOSE Sold Prices

Land registry data shows two sales for 47 REDWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 47 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
2014 20 AUG	£215,000	£324,838	34% below HPI
2003 24 OCT	£160,000	£236,414	32% below HPI

47 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 two 47 REDWOOD CLOSE sales from October 2003 and August 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 October 2003 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 47 REDWOOD CLOSE be worth now?

47 REDWOOD CLOSE might now be worth an estimated £334,406.

This is based on house price inflation of 55.5%, between August 2014 and March 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 55.5% inflationary increase is applied to the most recent sale price for 47 REDWOOD CLOSE of £215,000 on 20th August 2014. For the value to have increased from £215,000 to £334,406 over the eleven years and five months to March 2025, the following assumptions must hold true:

• The value of 47 REDWOOD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2014 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 47 REDWOOD CLOSE has not materially changed since August 2014.

How Large is 47 REDWOOD CLOSE?

47 REDWOOD CLOSE is 98m² according to the EPC inspection conducted in April 2014. 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 47 REDWOOD CLOSE lies on this distribution: 35% of detached houses houses are smaller than 47 REDWOOD CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Colchester.

47 REDWOOD CLOSE: Plot and Title Map

47 REDWOOD CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 47 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 47 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 47 REDWOOD CLOSE?

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