7, REDWING CLOSE, STANWAY, COLCHESTER, CO3 8AL - £295,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 REDWING CLOSE is a very small detached house of 81m². It was last sold for £295,000 in March 2021, which was around 33% below the average March 2021 detached price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was B, and the potential energy rating was A.

7 REDWING CLOSE Sold Prices

Land registry data shows two sales for 7 REDWING 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 REDWING 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 8 MAR	£295,000	£438,624	33% below HPI
2015 10 JUN	£250,000	£346,020	28% below HPI

7 REDWING 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 REDWING CLOSE sales from June 2015 and March 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 June 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 REDWING CLOSE?

7 REDWING CLOSE is 81m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 7 REDWING CLOSE lies on this distribution: 15% of detached houses are smaller than 7 REDWING CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 REDWING CLOSE: Plot and Title Map

7 REDWING CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 7 REDWING 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 REDWING 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 REDWING CLOSE?

7 REDWING CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 7 on REDWING CLOSE.