7, FIR TREE CLOSE, HIGHWOODS, COLCHESTER, CO4 9SY - £373,000

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 FIR TREE CLOSE is a very small extended detached house of 83m², built sometime between 1976 and 1982, which could now be worth an estimated £403,889. It was last sold for £373,000 in September 2021, which was around 20% below the average September 2021 detached price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

7 FIR TREE CLOSE Sold Prices

Land registry data shows three sales for 7 FIR TREE 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 7 FIR TREE 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
2021 23 SEP	£373,000	£463,831	20% below HPI
2015 27 AUG	£277,500	£353,878	22% below HPI
2002 2 AUG	£163,500	£205,639	20% below HPI

7 FIR TREE 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 7 FIR TREE CLOSE sales between August 2002 and September 2021 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 August 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 7 FIR TREE CLOSE be worth now?

7 FIR TREE CLOSE might now be worth an estimated £403,889.

This is based on house price inflation of 8.3%, between September 2021 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 8.3% inflationary increase is applied to the most recent sale price for 7 FIR TREE CLOSE of £373,000 on 23rd September 2021. For the value to have increased from £373,000 to £403,889 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 FIR TREE CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2021 sale price of £373,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FIR TREE CLOSE has not materially changed since September 2021.

How Large is 7 FIR TREE CLOSE?

7 FIR TREE CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% 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 FIR TREE CLOSE lies on this distribution: 17% of detached houses houses are smaller than 7 FIR TREE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 FIR TREE CLOSE: Plot and Title Map

7 FIR TREE CLOSE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 7 FIR TREE 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 FIR TREE 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 FIR TREE CLOSE?

7 FIR TREE CLOSE is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 7 on FIR TREE CLOSE.