1, HEREWARD CLOSE, WIVENHOE, COLCHESTER, CO7 9SB - £280,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 HEREWARD CLOSE is a very small detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £278,054. It was last sold for £280,000 in November 2024, which was around 45% below the average November 2024 detached price in the Colchester local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

1 HEREWARD CLOSE Sold Prices

Land registry data shows five sales for 1 HEREWARD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the five 1 HEREWARD 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
2024 1 NOV	£280,000	£512,152	45% below HPI
2020 13 NOV	£245,000	£456,169	46% below HPI
2015 15 JAN	£215,000	£333,919	36% below HPI
2008 11 JUL	£165,000	£281,885	41% below HPI
2006 1 DEC	£155,000	£293,718	47% below HPI

1 HEREWARD 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 five 1 HEREWARD CLOSE sales between December 2006 and November 2024 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 November 2020 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the November 2024 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 1 HEREWARD CLOSE be worth now?

1 HEREWARD CLOSE might now be worth an estimated £278,054.

This is based on house price deflation of 0.7%, between November 2024 and December 2024, 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 0.7% deflationary decrease is applied to the most recent sale price for 1 HEREWARD CLOSE of £280,000 on 1st November 2024. For the value to have decreased from £280,000 to £278,054 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 1 HEREWARD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2024 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HEREWARD CLOSE has not materially changed since November 2024.

How Large is 1 HEREWARD CLOSE?

1 HEREWARD CLOSE is 56m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 10% of detached houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wivenhoe, and where 1 HEREWARD CLOSE lies on this distribution: 2% of detached houses houses are smaller than 1 HEREWARD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

1 HEREWARD CLOSE: Plot and Title Map

1 HEREWARD CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 1 HEREWARD 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 HEREWARD 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 HEREWARD CLOSE?

1 HEREWARD CLOSE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 1 on HEREWARD CLOSE.