24, RECTORY CLOSE, COLCHESTER, CO4 5DN - £185,000

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.

24 RECTORY CLOSE is a small flat of 47m², built sometime between 1967 and 1975, which could now be worth an estimated £168,480. It was last sold for £185,000 in February 2023, which was around 4% above the average February 2023 flat price in the Colchester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was C.

24 RECTORY CLOSE Sold Prices

Land registry data shows three sales for 24 RECTORY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Colchester local authority area for the corresponding sale date. One of the three 24 RECTORY 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
2023 6 FEB	£185,000	£178,619	4% above HPI
2021 12 MAR	£150,000	£159,111	6% below HPI
2005 27 APR	£98,000	£113,293	13% below HPI

What might 24 RECTORY CLOSE be worth now?

24 RECTORY CLOSE might now be worth an estimated £168,480.

This is based on house price deflation of 8.9%, between February 2023 and May 2026, for flats, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.9% deflationary decrease is applied to the most recent sale price for 24 RECTORY CLOSE of £185,000 on 6th February 2023. For the value to have decreased from £185,000 to £168,480 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 24 RECTORY CLOSE has moved in line with the HPI for flats in the Colchester local authority area.
• The February 2023 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 24 RECTORY CLOSE has not materially changed since February 2023.

How Large is 24 RECTORY CLOSE?

24 RECTORY CLOSE is 47m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of flats in Colchester, based on EPC data. 25% of flats are smaller than 24 RECTORY CLOSE, and 73% of flats are larger. Note that EPC data is not available for all properties in Colchester.

24 RECTORY CLOSE: Plot

24 RECTORY CLOSE sits on a plot of roughly 1.1 acres, or 4,408m².

Where is 24 RECTORY CLOSE?

24 RECTORY CLOSE is located in COLCHESTER, in the CO4 postcode district.