5, ROMULUS CLOSE, COLCHESTER, CO4 5LN - £310,250

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 ROMULUS CLOSE is a very small semi-detached house of 55m², built sometime between 1950 and 1966, which could now be worth an estimated £319,974. It was last sold for £310,250 in May 2022, which was around 4% below the average May 2022 semi-detached price in the Colchester local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was C.

5 ROMULUS CLOSE Sold Prices

Land registry data shows six sales for 5 ROMULUS CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. All of the six 5 ROMULUS 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
2022 20 MAY	£310,250	£321,679	4% below HPI
2021 7 APR	£240,000	£284,130	16% below HPI
2017 21 SEP	£235,000	£276,474	15% below HPI
2012 7 SEP	£153,500	£186,154	18% below HPI
2008 29 JUL	£167,500	£185,881	10% below HPI
2006 4 APR	£141,500	£184,745	23% below HPI

5 ROMULUS 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 six 5 ROMULUS CLOSE sales between April 2006 and May 2022 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 April 2021 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 ROMULUS CLOSE be worth now?

5 ROMULUS CLOSE might now be worth an estimated £319,974.

This is based on house price inflation of 3.1%, between May 2022 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 3.1% inflationary increase is applied to the most recent sale price for 5 ROMULUS CLOSE of £310,250 on 20th May 2022. For the value to have increased from £310,250 to £319,974 over the four years to May 2026, the following assumptions must hold true:

• The value of 5 ROMULUS CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2022 sale price of £310,250 represented a fair market value for the property.
• The size, condition, and specification of 5 ROMULUS CLOSE has not materially changed since May 2022.

How Large is 5 ROMULUS CLOSE?

5 ROMULUS CLOSE is 55m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% 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 ROMULUS CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 5 ROMULUS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 ROMULUS CLOSE: Plot and Title Map

5 ROMULUS CLOSE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 5 ROMULUS 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 ROMULUS 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 ROMULUS CLOSE?

5 ROMULUS CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 5 on ROMULUS CLOSE.