3, SPRING CLOSE, HIGHWOODS, COLCHESTER, CO4 9TN - £500,000

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 SPRING CLOSE is a very large extended detached house of 184m², built sometime between 1996 and 2002, which could now be worth an estimated £791,421. It was last sold for £500,000 in June 2014, which was around 58% above the average June 2014 detached price in the Colchester local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

3 SPRING CLOSE Sold Prices

Land registry data shows two sales for 3 SPRING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 3 SPRING 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
2014 17 JUN	£500,000	£317,304	58% above HPI
1999 2 JUL	£194,500	£120,794	61% above HPI

3 SPRING CLOSE 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 two 3 SPRING CLOSE sales from July 1999 and June 2014 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 July 1999 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the June 2014 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 3 SPRING CLOSE be worth now?

3 SPRING CLOSE might now be worth an estimated £791,421.

This is based on house price inflation of 58.3%, between June 2014 and February 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 58.3% inflationary increase is applied to the most recent sale price for 3 SPRING CLOSE of £500,000 on 17th June 2014. For the value to have increased from £500,000 to £791,421 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 3 SPRING CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2014 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRING CLOSE has not materially changed since June 2014.

How Large is 3 SPRING CLOSE?

3 SPRING CLOSE is 184m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 10% 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 SPRING CLOSE lies on this distribution: 92% of detached houses houses are smaller than 3 SPRING CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 SPRING CLOSE: Plot and Title Map

3 SPRING CLOSE sits on a plot of roughly 0.214 of an acre, or 867m². The below map shows the location of 3 SPRING 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 SPRING 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 SPRING CLOSE?

3 SPRING CLOSE is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 3 on SPRING CLOSE.