28, GRATIAN CLOSE, HIGHWOODS, COLCHESTER, CO4 9EZ - £256,857

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.

28 GRATIAN CLOSE is a very small semi-detached house of 66m², built sometime between 2003 and 2006, which could now be worth an estimated £305,729. It was last sold for £256,857 in April 2019, which was around 8% below the average April 2019 semi-detached price in the Colchester local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

28 GRATIAN CLOSE Sold Prices

Land registry data shows three sales for 28 GRATIAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. All of the three 28 GRATIAN 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
2019 23 APR	£256,857	£278,843	8% below HPI
2008 31 OCT	£153,000	£171,462	11% below HPI
2003 22 DEC	£149,995	£152,849	2% below HPI

28 GRATIAN 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 three 28 GRATIAN CLOSE sales between December 2003 and April 2019 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 October 2008 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 28 GRATIAN CLOSE be worth now?

28 GRATIAN CLOSE might now be worth an estimated £305,729.

This is based on house price inflation of 19%, between April 2019 and October 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 19% inflationary increase is applied to the most recent sale price for 28 GRATIAN CLOSE of £256,857 on 23rd April 2019. For the value to have increased from £256,857 to £305,729 over the five years and six months to October 2025, the following assumptions must hold true:

• The value of 28 GRATIAN CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The April 2019 sale price of £256,857 represented a fair market value for the property.
• The size, condition, and specification of 28 GRATIAN CLOSE has not materially changed since April 2019.

How Large is 28 GRATIAN CLOSE?

28 GRATIAN CLOSE is 66m² according to the EPC inspection conducted in September 2018. 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 28 GRATIAN CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 28 GRATIAN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Colchester.

28 GRATIAN CLOSE: Plot and Title Map

28 GRATIAN CLOSE sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of 28 GRATIAN 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 28 GRATIAN 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 28 GRATIAN CLOSE?

28 GRATIAN CLOSE is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 28 on GRATIAN CLOSE.