1, GAINSBOROUGH CLOSE, WEST MERSEA, COLCHESTER, CO5 8PR - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 GAINSBOROUGH CLOSE is a very small detached house of 84m², built sometime between 1983 and 1990. It was last sold for £225,000 in January 2014, which was around 26% below the average January 2014 detached price in the Colchester local authority area. The most recent EPC inspection was July 2015, where the current energy rating was F, and the potential energy rating was B.

1 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 1 GAINSBOROUGH 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 GAINSBOROUGH 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
2014 6 JAN	£225,000	£304,941	26% below HPI
1999 12 JUL	£83,000	£120,463	31% below HPI

1 GAINSBOROUGH 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 GAINSBOROUGH CLOSE sales from July 1999 and January 2014 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 July 1999 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2014 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 1 GAINSBOROUGH CLOSE?

1 GAINSBOROUGH CLOSE is 84m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of detached houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 1 GAINSBOROUGH CLOSE lies on this distribution: 19% of detached houses are smaller than 1 GAINSBOROUGH CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

1 GAINSBOROUGH CLOSE: Plot and Title Map

1 GAINSBOROUGH CLOSE sits on a plot of roughly 0.065 of an acre, or 261m². The below map shows the location of 1 GAINSBOROUGH 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 GAINSBOROUGH 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 GAINSBOROUGH CLOSE?

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