15, BALE CLOSE, COLCHESTER, CO3 9XP - £242,500

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.

15 BALE CLOSE is a very small extended semi-detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £354,425. It was last sold for £242,500 in May 2015, which was around 8% above the average May 2015 semi-detached price in the Colchester local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

15 BALE CLOSE Sold Prices

Land registry data shows four sales for 15 BALE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. One of the four 15 BALE CLOSE sales was for above the average price, whilst two 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 19 MAY	£242,500	£224,340	8% above HPI
2006 24 MAY	£167,500	£185,523	10% below HPI
2002 27 MAR	£109,500	£110,562	1% below HPI
1998 3 NOV	£69,000	£68,984	Close to HPI

15 BALE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The four 15 BALE CLOSE sales between November 1998 and May 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 May 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2015 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 15 BALE CLOSE be worth now?

15 BALE CLOSE might now be worth an estimated £354,425.

This is based on house price inflation of 46.2%, between May 2015 and July 2025, for semi-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 46.2% inflationary increase is applied to the most recent sale price for 15 BALE CLOSE of £242,500 on 19th May 2015. For the value to have increased from £242,500 to £354,425 over the nine years and ten months to July 2025, the following assumptions must hold true:

• The value of 15 BALE CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2015 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 15 BALE CLOSE has not materially changed since May 2015.

How Large is 15 BALE CLOSE?

15 BALE CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 15 BALE CLOSE lies on this distribution: 10% of semi-detached houses houses are smaller than 15 BALE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

15 BALE CLOSE: Plot and Title Map

15 BALE CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 15 BALE 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 15 BALE 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 15 BALE CLOSE?

15 BALE CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 15 on BALE CLOSE.