12, MEADOW GRASS CLOSE, STANWAY, COLCHESTER, CO3 0PL - £170,000

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.

12 MEADOW GRASS CLOSE is a very small terraced house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £259,620. It was last sold for £170,000 in January 2015, which was around 2% below the average January 2015 terraced price in the Colchester local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

12 MEADOW GRASS CLOSE Sold Prices

Land registry data shows two sales for 12 MEADOW GRASS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Both of the two 12 MEADOW GRASS 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
2015 29 JAN	£170,000	£173,899	2% below HPI
2009 27 MAR	£115,500	£125,429	8% below HPI

12 MEADOW GRASS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The two 12 MEADOW GRASS CLOSE sales from March 2009 and January 2015 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 2009 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2015 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 12 MEADOW GRASS CLOSE be worth now?

12 MEADOW GRASS CLOSE might now be worth an estimated £259,620.

This is based on house price inflation of 52.7%, between January 2015 and May 2026, for terraced 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 52.7% inflationary increase is applied to the most recent sale price for 12 MEADOW GRASS CLOSE of £170,000 on 29th January 2015. For the value to have increased from £170,000 to £259,620 over the ten years and eight months to May 2026, the following assumptions must hold true:

• The value of 12 MEADOW GRASS CLOSE has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The January 2015 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MEADOW GRASS CLOSE has not materially changed since January 2015.

How Large is 12 MEADOW GRASS CLOSE?

12 MEADOW GRASS CLOSE is 58m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 12 MEADOW GRASS CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 12 MEADOW GRASS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Colchester.

12 MEADOW GRASS CLOSE: Plot and Title Map

12 MEADOW GRASS CLOSE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 12 MEADOW GRASS 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 MEADOW GRASS 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 MEADOW GRASS CLOSE?

12 MEADOW GRASS CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 12 on MEADOW GRASS CLOSE.