5, BALE CLOSE, COLCHESTER, CO3 9XP - £287,500

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.

5 BALE CLOSE is a small extended semi-detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £387,916. It was last sold for £287,500 in May 2016, which was around 17% above the average May 2016 semi-detached price in the Colchester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

5 BALE CLOSE Sold Prices

Land registry data shows two sales for 5 BALE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. One of the two 5 BALE CLOSE sales was for above the average price, whilst the other was 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
2016 31 MAY	£287,500	£245,881	17% above HPI
2006 6 JAN	£180,000	£181,070	1% below HPI

5 BALE 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 two 5 BALE CLOSE sales from January 2006 and May 2016 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 January 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2016 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 5 BALE CLOSE be worth now?

5 BALE CLOSE might now be worth an estimated £387,916.

This is based on house price inflation of 34.9%, between May 2016 and May 2026, 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 34.9% inflationary increase is applied to the most recent sale price for 5 BALE CLOSE of £287,500 on 31st May 2016. For the value to have increased from £287,500 to £387,916 over the ten years to May 2026, the following assumptions must hold true:

• The value of 5 BALE CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2016 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 5 BALE CLOSE has not materially changed since May 2016.

How Large is 5 BALE CLOSE?

5 BALE CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 5 BALE CLOSE lies on this distribution: 27% of semi-detached houses houses are smaller than 5 BALE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 BALE CLOSE: Plot and Title Map

5 BALE CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 5 BALE 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 5 BALE 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 5 BALE CLOSE?

5 BALE CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 5 on BALE CLOSE.