1, TEAL CLOSE, COLCHESTER, CO4 3GF - £287,000

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 TEAL CLOSE is a small extended detached house of 94m², built sometime between 1983 and 1990. It was last sold for £287,000 in January 2021, which was around 36% below the average January 2021 detached price in the Colchester local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

1 TEAL CLOSE Sold Prices

Land registry data shows four sales for 1 TEAL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 1 TEAL 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
2021 18 JAN	£287,000	£447,931	36% below HPI
2006 16 JAN	£186,995	£274,085	32% below HPI
2002 13 NOV	£148,000	£223,504	34% below HPI
1998 25 SEP	£77,500	£112,483	31% below HPI

1 TEAL 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 four 1 TEAL CLOSE sales between September 1998 and January 2021 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 January 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 1 TEAL CLOSE?

1 TEAL CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 1 TEAL CLOSE lies on this distribution: 31% of detached houses are smaller than 1 TEAL CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 TEAL CLOSE: Plot and Title Map

1 TEAL CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 1 TEAL 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 TEAL 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 TEAL CLOSE?

1 TEAL CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 1 on TEAL CLOSE.