12, GRESLEY CLOSE, COLCHESTER, CO4 5WF - £339,995

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.

12 GRESLEY CLOSE is a large extended detached house of 142m², built sometime between 1996 and 2002, which could now be worth an estimated £598,263. It was last sold for £339,995 in August 2010, which was around 19% above the average August 2010 detached price in the Colchester local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

12 GRESLEY CLOSE Sold Prices

Land registry data shows two sales for 12 GRESLEY 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 12 GRESLEY 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
2010 13 AUG	£339,995	£285,426	19% above HPI
1998 24 JUL	£157,500	£109,918	43% above HPI

12 GRESLEY 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 12 GRESLEY CLOSE sales from July 1998 and August 2010 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 1998 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2010 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 12 GRESLEY CLOSE be worth now?

12 GRESLEY CLOSE might now be worth an estimated £598,263.

This is based on house price inflation of 76%, between August 2010 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 76% inflationary increase is applied to the most recent sale price for 12 GRESLEY CLOSE of £339,995 on 13th August 2010. For the value to have increased from £339,995 to £598,263 over the fifteen years and six months to February 2025, the following assumptions must hold true:

• The value of 12 GRESLEY CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2010 sale price of £339,995 represented a fair market value for the property.
• The size, condition, and specification of 12 GRESLEY CLOSE has not materially changed since August 2010.

How Large is 12 GRESLEY CLOSE?

12 GRESLEY CLOSE is 142m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the largest 30% 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 12 GRESLEY CLOSE lies on this distribution: 76% of detached houses houses are smaller than 12 GRESLEY CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Colchester.

12 GRESLEY CLOSE: Plot and Title Map

12 GRESLEY CLOSE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 12 GRESLEY 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 12 GRESLEY 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 12 GRESLEY CLOSE?

12 GRESLEY CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 12 on GRESLEY CLOSE.