1, TEAL CLOSE, COLCHESTER, CO4 3GF - £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 TEAL CLOSE is a small extended detached house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £318,445. It was last sold for £320,000 in October 2024, which was around 37% below the average October 2024 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 five sales for 1 TEAL 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 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
2024 4 OCT	£320,000	£504,695	37% below HPI
2021 18 JAN	£287,000	£449,162	36% below HPI
2006 16 JAN	£186,995	£274,838	32% below HPI
2002 13 NOV	£148,000	£224,118	34% below HPI
1998 25 SEP	£77,500	£112,792	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 five 1 TEAL CLOSE sales between September 1998 and October 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 January 2021 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2024 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 1 TEAL CLOSE be worth now?

1 TEAL CLOSE might now be worth an estimated £318,445.

This is based on house price deflation of 0.5%, between October 2024 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 0.5% deflationary decrease is applied to the most recent sale price for 1 TEAL CLOSE of £320,000 on 4th October 2024. For the value to have decreased from £320,000 to £318,445 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 1 TEAL CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TEAL CLOSE has not materially changed since October 2024.

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 houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 1 TEAL CLOSE lies on this distribution: 31% of detached houses 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.