1, THE CLOSE, JAYWICK, CLACTON-ON-SEA, CO15 2RR - £147,000

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 THE CLOSE is a small detached house of 42m², built sometime between 1900 and 1929. It was last sold for £147,000 in August 2021, which was around 55% below the average August 2021 detached price in the Tendring local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was B.

1 THE CLOSE Sold Prices

Land registry data shows four sales for 1 THE 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 Tendring local authority area for the corresponding sale date. All of the four 1 THE 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 27 AUG	£147,000	£324,934	55% below HPI
2018 11 DEC	£110,000	£308,913	64% below HPI
2017 25 OCT	£63,000	£294,387	79% below HPI
2016 5 APR	£50,000	£249,991	80% below HPI

1 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The four 1 THE CLOSE sales between April 2016 and August 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 December 2018 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the August 2021 sale, where it rises to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 1 THE CLOSE?

1 THE CLOSE is 42m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% of detached houses in Jaywick, based on EPC data. The below chart shows the distribution of detached houses by size in Jaywick, and where 1 THE CLOSE lies on this distribution: 25% of detached houses are smaller than 1 THE CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Jaywick.

1 THE CLOSE: Plot and Title Map

1 THE CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 1 THE 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 THE 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 THE CLOSE?

1 THE CLOSE is located in JAYWICK, in the CO15 postcode district. The below map shows the position of No. 1 on THE CLOSE.