1, BRICKHOUSE CLOSE, WEST MERSEA, COLCHESTER, CO5 8LA - £320,000

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.

1 BRICKHOUSE CLOSE is a midsized extended detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £421,085. It was last sold for £320,000 in May 2016, which was around 16% below the average May 2016 detached price in the Colchester local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

1 BRICKHOUSE CLOSE Sold Prices

Land registry data shows two sales for 1 BRICKHOUSE 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 1 BRICKHOUSE 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
2016 5 MAY	£320,000	£381,675	16% below HPI
2003 30 MAY	£203,000	£231,951	12% below HPI

1 BRICKHOUSE 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 1 BRICKHOUSE CLOSE sales from May 2003 and May 2016 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 May 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 1 BRICKHOUSE CLOSE be worth now?

1 BRICKHOUSE CLOSE might now be worth an estimated £421,085.

This is based on house price inflation of 31.6%, between May 2016 and February 2025, 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 31.6% inflationary increase is applied to the most recent sale price for 1 BRICKHOUSE CLOSE of £320,000 on 5th May 2016. For the value to have increased from £320,000 to £421,085 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 1 BRICKHOUSE CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2016 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BRICKHOUSE CLOSE has not materially changed since May 2016.

How Large is 1 BRICKHOUSE CLOSE?

1 BRICKHOUSE CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 50% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 1 BRICKHOUSE CLOSE lies on this distribution: 56% of detached houses houses are smaller than 1 BRICKHOUSE CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

1 BRICKHOUSE CLOSE: Plot and Title Map

1 BRICKHOUSE CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 1 BRICKHOUSE 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 1 BRICKHOUSE 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 1 BRICKHOUSE CLOSE?

1 BRICKHOUSE CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 1 on BRICKHOUSE CLOSE.