3, GREENWOOD GROVE, COLCHESTER, CO4 9EF - £700,000

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 GREENWOOD GROVE is a large extended detached house of 150m², built sometime between 1983 and 1990, which could now be worth an estimated £700,502. It was last sold for £700,000 in July 2023, which was around 39% above the average July 2023 detached price in the Colchester local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

3 GREENWOOD GROVE Sold Prices

Land registry data shows four sales for 3 GREENWOOD GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 3 GREENWOOD GROVE 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
2023 28 JUL	£700,000	£504,883	39% above HPI
2022 4 NOV	£700,000	£526,460	33% above HPI
2012 11 MAY	£385,000	£282,392	36% above HPI
1998 18 MAY	£157,500	£108,841	45% above HPI

3 GREENWOOD GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The four 3 GREENWOOD GROVE sales between May 1998 and July 2023 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 November 2022 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the July 2023 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 3 GREENWOOD GROVE be worth now?

3 GREENWOOD GROVE might now be worth an estimated £700,502.

This is based on house price inflation of 0.1%, between July 2023 and March 2025, for 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 0.1% inflationary increase is applied to the most recent sale price for 3 GREENWOOD GROVE of £700,000 on 28th July 2023. For the value to have increased from £700,000 to £700,502 over the two years and four months to March 2025, the following assumptions must hold true:

• The value of 3 GREENWOOD GROVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2023 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GREENWOOD GROVE has not materially changed since July 2023.

How Large is 3 GREENWOOD GROVE?

3 GREENWOOD GROVE is 150m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 3 GREENWOOD GROVE lies on this distribution: 80% of detached houses houses are smaller than 3 GREENWOOD GROVE, and 19% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 GREENWOOD GROVE: Plot and Title Map

3 GREENWOOD GROVE sits on a plot of roughly 0.251 of an acre, or 1,016m². The below map shows the location of 3 GREENWOOD GROVE, 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 GREENWOOD GROVE). 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 GREENWOOD GROVE?

3 GREENWOOD GROVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 3 on GREENWOOD GROVE.