9, SPRING CLOSE, HIGHWOODS, COLCHESTER, CO4 9TN - £875,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

9 SPRING CLOSE is a very large extended detached house of 180m², built sometime between 1996 and 2002. It was last sold for £875,000 in March 2023, which was around 67% above the average March 2023 detached price in the Colchester local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

9 SPRING CLOSE Sold Prices

Land registry data shows three sales for 9 SPRING 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 9 SPRING CLOSE sales were for above 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 10 MAR	£875,000	£524,602	67% above HPI
2001 2 JUL	£295,000	£163,344	81% above HPI
1999 15 OCT	£204,995	£125,966	63% above HPI

9 SPRING 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 9 SPRING CLOSE sales between October 1999 and March 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 July 2001 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the March 2023 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is 9 SPRING CLOSE?

9 SPRING CLOSE is 180m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 9 SPRING CLOSE lies on this distribution: 92% of detached houses are smaller than 9 SPRING CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Colchester.

9 SPRING CLOSE: Plot and Title Map

9 SPRING CLOSE sits on a plot of roughly 0.175 of an acre, or 707m². The below map shows the location of 9 SPRING 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 9 SPRING 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 9 SPRING CLOSE?

9 SPRING CLOSE is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 9 on SPRING CLOSE.