3, COLCHESTER CLOSE, MITCHELDEAN, GL17 0JS - £148,000

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.

3 COLCHESTER CLOSE is a small semi-detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £251,524. It was last sold for £148,000 in April 2011, which was around 2% below the average April 2011 semi-detached price in the Forest of Dean local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

3 COLCHESTER CLOSE Sold Prices

Land registry data shows five sales for 3 COLCHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Forest of Dean local authority area for the corresponding sale date. Most of the five 3 COLCHESTER 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
2011 27 APR	£148,000	£151,340	2% below HPI
2010 20 DEC	£163,000	£143,632	13% above HPI
2007 6 JUN	£176,000	£167,467	5% above HPI
2005 15 APR	£161,500	£143,325	13% above HPI
1998 20 NOV	£60,000	£52,603	14% above HPI

3 COLCHESTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The five 3 COLCHESTER CLOSE sales between November 1998 and April 2011 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 December 2010 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the April 2011 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 COLCHESTER CLOSE be worth now?

3 COLCHESTER CLOSE might now be worth an estimated £251,524.

This is based on house price inflation of 69.9%, between April 2011 and May 2026, for semi-detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 69.9% inflationary increase is applied to the most recent sale price for 3 COLCHESTER CLOSE of £148,000 on 27th April 2011. For the value to have increased from £148,000 to £251,524 over the fourteen years and eleven months to May 2026, the following assumptions must hold true:

• The value of 3 COLCHESTER CLOSE has moved in line with the HPI for semi-detached houses in the Forest of Dean local authority area.
• The April 2011 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COLCHESTER CLOSE has not materially changed since April 2011.

How Large is 3 COLCHESTER CLOSE?

3 COLCHESTER CLOSE is 74m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 30% of semi-detached houses houses in Mitcheldean, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Mitcheldean, and where 3 COLCHESTER CLOSE lies on this distribution: 20% of semi-detached houses houses are smaller than 3 COLCHESTER CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Mitcheldean.

3 COLCHESTER CLOSE: Plot and Title Map

3 COLCHESTER CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 3 COLCHESTER 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 3 COLCHESTER 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 3 COLCHESTER CLOSE?

3 COLCHESTER CLOSE is located in MITCHELDEAN, in the GL17 postcode district. The below map shows the position of No. 3 on COLCHESTER CLOSE.