3, MILES CLOSE, STANWAY, COLCHESTER, CO3 0JB - £220,000

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.

3 MILES CLOSE is a semi-detached house, which could now be worth an estimated £365,260. It was last sold for £220,000 in November 2007, which was around 10% above the average November 2007 semi-detached price in the Colchester local authority area.

3 MILES CLOSE Sold Prices

Land registry data shows three sales for 3 MILES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. The three 3 MILES CLOSE sales were a mix of above the average price, and roughly equal to 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
2007 1 NOV	£220,000	£199,823	10% above HPI
2006 15 DEC	£195,000	£194,403	Close to HPI
2000 30 MAY	£103,000	£87,226	18% above HPI

What might 3 MILES CLOSE be worth now?

3 MILES CLOSE might now be worth an estimated £365,260.

This is based on house price inflation of 66%, between November 2007 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 66% inflationary increase is applied to the most recent sale price for 3 MILES CLOSE of £220,000 on 1st November 2007. For the value to have increased from £220,000 to £365,260 over the nineteen years and six months to May 2026, the following assumptions must hold true:

• The value of 3 MILES CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The November 2007 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILES CLOSE has not materially changed since November 2007.

Where is 3 MILES CLOSE?

3 MILES CLOSE is located in STANWAY, in the CO3 postcode district.