3, MADELEY CLOSE, COLCHESTER, CO2 9FL - £170,000

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 MADELEY CLOSE is a very small semi-detached house of 55m², built sometime from 2007 onwards, which could now be worth an estimated £201,961. It was last sold for £170,000 in May 2020, which was around 38% below the average May 2020 semi-detached price in the Colchester local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was C.

3 MADELEY CLOSE Sold Prices

Land registry data shows three sales for 3 MADELEY 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 3 MADELEY 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
2020 15 MAY	£170,000	£275,995	38% below HPI
2016 24 MAR	£170,000	£241,033	29% below HPI
2012 28 JUN	£135,000	£183,897	27% below HPI

3 MADELEY 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 3 MADELEY CLOSE sales between June 2012 and May 2020 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 March 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 MADELEY CLOSE be worth now?

3 MADELEY CLOSE might now be worth an estimated £201,961.

This is based on house price inflation of 18.8%, between May 2020 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 18.8% inflationary increase is applied to the most recent sale price for 3 MADELEY CLOSE of £170,000 on 15th May 2020. For the value to have increased from £170,000 to £201,961 over the four years and ten months to July 2025, the following assumptions must hold true:

• The value of 3 MADELEY CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MADELEY CLOSE has not materially changed since May 2020.

How Large is 3 MADELEY CLOSE?

3 MADELEY CLOSE is 55m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of semi-detached houses houses in Berechurch, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Berechurch, and where 3 MADELEY CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 3 MADELEY CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

3 MADELEY CLOSE: Plot and Title Map

3 MADELEY CLOSE sits on a plot of roughly 0.020 of an acre, or 79m². The below map shows the location of 3 MADELEY 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 MADELEY 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 MADELEY CLOSE?

3 MADELEY CLOSE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 3 on MADELEY CLOSE.