1, TERN CLOSE, KELVEDON, COLCHESTER, CO5 9NQ - £366,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 TERN CLOSE is a very small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £366,000 in December 2021, which was around 28% below the average December 2021 detached price in the Braintree local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

1 TERN CLOSE Sold Prices

Land registry data shows two sales for 1 TERN 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 Braintree local authority area for the corresponding sale date. Both of the two 1 TERN 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 1 DEC	£366,000	£509,529	28% below HPI
1996 15 APR	£70,000	£88,744	21% below HPI

1 TERN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two 1 TERN CLOSE sales from April 1996 and December 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 April 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1 TERN CLOSE?

1 TERN CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Kelvedon, based on EPC data. The below chart shows the distribution of detached houses by size in Kelvedon, and where 1 TERN CLOSE lies on this distribution: 17% of detached houses are smaller than 1 TERN CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Kelvedon.

1 TERN CLOSE: Plot and Title Map

1 TERN CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 1 TERN 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 TERN 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 TERN CLOSE?

1 TERN CLOSE is located in KELVEDON, in the CO5 postcode district. The below map shows the position of No. 1 on TERN CLOSE.