7, NORFOLK CRESCENT, COLCHESTER, CO4 0AX - £230,000

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 NORFOLK CRESCENT is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £265,025. It was last sold for £230,000 in September 2020, which was around 47% below the average September 2020 detached price in the Colchester local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

7 NORFOLK CRESCENT Sold Prices

Land registry data shows two sales for 7 NORFOLK CRESCENT 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 NORFOLK CRESCENT 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
2020 1 SEP	£230,000	£435,867	47% below HPI
2015 11 MAR	£173,000	£338,913	49% below HPI

7 NORFOLK CRESCENT 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 NORFOLK CRESCENT sales from March 2015 and September 2020 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 March 2015 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the September 2020 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 7 NORFOLK CRESCENT be worth now?

7 NORFOLK CRESCENT might now be worth an estimated £265,025.

This is based on house price inflation of 15.2%, between September 2020 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 15.2% inflationary increase is applied to the most recent sale price for 7 NORFOLK CRESCENT of £230,000 on 1st September 2020. For the value to have increased from £230,000 to £265,025 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 NORFOLK CRESCENT has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2020 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 NORFOLK CRESCENT has not materially changed since September 2020.

How Large is 7 NORFOLK CRESCENT?

7 NORFOLK CRESCENT is 67m² according to the EPC inspection conducted in August 2017. 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 NORFOLK CRESCENT lies on this distribution: 5% of detached houses houses are smaller than 7 NORFOLK CRESCENT, and 94% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 NORFOLK CRESCENT: Plot and Title Map

7 NORFOLK CRESCENT sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 7 NORFOLK CRESCENT, 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 NORFOLK CRESCENT). 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 NORFOLK CRESCENT?

7 NORFOLK CRESCENT is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 7 on NORFOLK CRESCENT.