7, CLARA REEVE CLOSE, COLCHESTER, CO3 9XD - £400,000

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.

7 CLARA REEVE CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £399,039. It was last sold for £400,000 in September 2023, which was around 21% below the average September 2023 detached price in the Colchester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

7 CLARA REEVE CLOSE Sold Prices

Land registry data shows two sales for 7 CLARA REEVE 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 7 CLARA REEVE 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
2023 18 SEP	£400,000	£503,451	21% below HPI
2015 4 DEC	£258,000	£372,811	31% below HPI

7 CLARA REEVE 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 7 CLARA REEVE CLOSE sales from December 2015 and September 2023 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 December 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 CLARA REEVE CLOSE be worth now?

7 CLARA REEVE CLOSE might now be worth an estimated £399,039.

This is based on house price deflation of 0.2%, between September 2023 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 0.2% deflationary decrease is applied to the most recent sale price for 7 CLARA REEVE CLOSE of £400,000 on 18th September 2023. For the value to have decreased from £400,000 to £399,039 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 CLARA REEVE CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CLARA REEVE CLOSE has not materially changed since September 2023.

How Large is 7 CLARA REEVE CLOSE?

7 CLARA REEVE CLOSE is 74m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% 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 7 CLARA REEVE CLOSE lies on this distribution: 9% of detached houses houses are smaller than 7 CLARA REEVE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 CLARA REEVE CLOSE: Plot and Title Map

7 CLARA REEVE CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 7 CLARA REEVE 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 7 CLARA REEVE 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 7 CLARA REEVE CLOSE?

7 CLARA REEVE CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 7 on CLARA REEVE CLOSE.