7, NORWICH CLOSE, COLCHESTER, CO1 2RQ - £262,000

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 NORWICH CLOSE is a very small extended detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £301,898. It was last sold for £262,000 in September 2020, which was around 40% below the average September 2020 detached price in the Colchester local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

7 NORWICH CLOSE Sold Prices

Land registry data shows three sales for 7 NORWICH 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 NORWICH 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
2020 25 SEP	£262,000	£435,867	40% below HPI
2005 12 JUN	£177,000	£268,117	34% below HPI
2004 22 SEP	£153,000	£263,853	42% below HPI

7 NORWICH 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 NORWICH CLOSE sales between September 2004 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 June 2005 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 7 NORWICH CLOSE be worth now?

7 NORWICH CLOSE might now be worth an estimated £301,898.

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 NORWICH CLOSE of £262,000 on 25th September 2020. For the value to have increased from £262,000 to £301,898 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 NORWICH CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2020 sale price of £262,000 represented a fair market value for the property.
• The size, condition, and specification of 7 NORWICH CLOSE has not materially changed since September 2020.

How Large is 7 NORWICH CLOSE?

7 NORWICH CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in July 2020. 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 NORWICH CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 NORWICH CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 NORWICH CLOSE: Plot and Title Map

7 NORWICH CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 7 NORWICH 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 NORWICH 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 NORWICH CLOSE?

7 NORWICH CLOSE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 7 on NORWICH CLOSE.