4, GAINSBOROUGH CLOSE, WEST MERSEA, COLCHESTER, CO5 8PR - £380,000

4 GAINSBOROUGH CLOSE is a midsized extended detached house of 109m², built sometime between 1991 and 1995. It was last sold for £380,000 in March 2017, which was around 8% below the average March 2017 detached price in the Colchester local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

4 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows three sales for 4 GAINSBOROUGH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 4 GAINSBOROUGH 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
2017 8 MAR	£380,000	£411,549	8% below HPI
2015 3 AUG	£330,000	£352,908	6% below HPI
1999 8 NOV	£89,500	£127,719	30% below HPI

4 GAINSBOROUGH 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 three 4 GAINSBOROUGH CLOSE sales between November 1999 and March 2017 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 August 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2017 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 4 GAINSBOROUGH CLOSE?

4 GAINSBOROUGH CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in March 2012. This puts it in the smallest 50% of detached houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 4 GAINSBOROUGH CLOSE lies on this distribution: 45% of detached houses are smaller than 4 GAINSBOROUGH CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

4 GAINSBOROUGH CLOSE: Plot and Title Map

4 GAINSBOROUGH CLOSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 4 GAINSBOROUGH 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 4 GAINSBOROUGH 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 4 GAINSBOROUGH CLOSE?

4 GAINSBOROUGH CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 4 on GAINSBOROUGH CLOSE.