7, RAMBLER CLOSE, STANWAY, COLCHESTER, CO3 0HR - £310,000

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.

7 RAMBLER CLOSE is a very small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £375,275. It was last sold for £310,000 in February 2017, which was around 26% below the average February 2017 detached price in the Colchester local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

7 RAMBLER CLOSE Sold Prices

Land registry data shows three sales for 7 RAMBLER 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 7 RAMBLER 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 14 FEB	£310,000	£416,274	26% below HPI
2012 17 APR	£242,000	£282,292	14% below HPI
2001 20 APR	£130,000	£155,619	16% below HPI

7 RAMBLER 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 7 RAMBLER CLOSE sales between April 2001 and February 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 April 2012 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 7 RAMBLER CLOSE be worth now?

7 RAMBLER CLOSE might now be worth an estimated £375,275.

This is based on house price inflation of 21.1%, between February 2017 and April 2026, 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 21.1% inflationary increase is applied to the most recent sale price for 7 RAMBLER CLOSE of £310,000 on 14th February 2017. For the value to have increased from £310,000 to £375,275 over the eight years and ten months to April 2026, the following assumptions must hold true:

• The value of 7 RAMBLER CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2017 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RAMBLER CLOSE has not materially changed since February 2017.

How Large is 7 RAMBLER CLOSE?

7 RAMBLER CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 20% 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 7 RAMBLER CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 RAMBLER CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 RAMBLER CLOSE: Plot and Title Map

7 RAMBLER CLOSE sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 7 RAMBLER 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 RAMBLER 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 RAMBLER CLOSE?

7 RAMBLER CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 7 on RAMBLER CLOSE.