8, GRESLEY CLOSE, COLCHESTER, CO4 5WF - £260,000

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.

8 GRESLEY CLOSE is a detached house, which could now be worth an estimated £450,923. It was last sold for £260,000 in August 2012, which was around 11% below the average August 2012 detached price in the Colchester local authority area.

8 GRESLEY CLOSE Sold Prices

Land registry data shows three sales for 8 GRESLEY 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. One of the three 8 GRESLEY CLOSE sales was for below the average price, whilst two were for above 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
2012 3 AUG	£260,000	£290,562	11% below HPI
2009 16 JAN	£245,000	£239,222	2% above HPI
1998 25 SEP	£115,000	£112,792	2% above HPI

What might 8 GRESLEY CLOSE be worth now?

8 GRESLEY CLOSE might now be worth an estimated £450,923.

This is based on house price inflation of 73.4%, between August 2012 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 73.4% inflationary increase is applied to the most recent sale price for 8 GRESLEY CLOSE of £260,000 on 3rd August 2012. For the value to have increased from £260,000 to £450,923 over the fourteen years and four months to April 2026, the following assumptions must hold true:

• The value of 8 GRESLEY CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2012 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRESLEY CLOSE has not materially changed since August 2012.

Where is 8 GRESLEY CLOSE?

8 GRESLEY CLOSE is located in COLCHESTER, in the CO4 postcode district.