7, CLARA REEVE CLOSE, COLCHESTER, CO3 9XD - £400,000

7 CLARA REEVE CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £400,000 in September 2023, which was around 25% below the average September 2023 detached price in the Colchester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

7 CLARA REEVE CLOSE Sold Prices

Land registry data shows two sales for 7 CLARA REEVE 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 7 CLARA REEVE 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
2023 18 SEP	£400,000	£534,901	25% below HPI
2015 4 DEC	£258,000	£371,789	31% below HPI

7 CLARA REEVE 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 7 CLARA REEVE CLOSE sales from December 2015 and September 2023 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 December 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 7 CLARA REEVE CLOSE?

7 CLARA REEVE CLOSE is 74m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 7 CLARA REEVE CLOSE lies on this distribution: 9% of detached houses are smaller than 7 CLARA REEVE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 CLARA REEVE CLOSE: Plot and Title Map

7 CLARA REEVE CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 7 CLARA REEVE 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 7 CLARA REEVE 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 7 CLARA REEVE CLOSE?

7 CLARA REEVE CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 7 on CLARA REEVE CLOSE.