15, WAKEFIELD CLOSE, COLCHESTER, CO1 2SD - £335,000

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

15 WAKEFIELD CLOSE is a very small detached house of 57m², built sometime between 1967 and 1975, which could now be worth an estimated £353,620. It was last sold for £335,000 in November 2021, which was around 30% below the average November 2021 detached price in the Colchester local authority area. The most recent EPC inspection was August 2021, where the current energy rating was F, and the potential energy rating was B.

15 WAKEFIELD CLOSE Sold Prices

Land registry data shows four sales for 15 WAKEFIELD 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 15 WAKEFIELD 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 25 NOV	£335,000	£481,812	30% below HPI
2007 10 DEC	£233,000	£308,466	24% below HPI
1997 3 NOV	£85,500	£100,232	15% below HPI
1995 16 JUN	£63,000	£89,992	30% below HPI

15 WAKEFIELD 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 15 WAKEFIELD CLOSE sales between June 1995 and November 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 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 15 WAKEFIELD CLOSE be worth now?

15 WAKEFIELD CLOSE might now be worth an estimated £353,620.

This is based on house price inflation of 5.6%, between November 2021 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 5.6% inflationary increase is applied to the most recent sale price for 15 WAKEFIELD CLOSE of £335,000 on 25th November 2021. For the value to have increased from £335,000 to £353,620 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of 15 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WAKEFIELD CLOSE has not materially changed since November 2021.

How Large is 15 WAKEFIELD CLOSE?

15 WAKEFIELD CLOSE is 57m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% 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 15 WAKEFIELD CLOSE lies on this distribution: 2% of detached houses houses are smaller than 15 WAKEFIELD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Colchester.

15 WAKEFIELD CLOSE: Plot and Title Map

15 WAKEFIELD CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 15 WAKEFIELD 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 15 WAKEFIELD 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 15 WAKEFIELD CLOSE?

15 WAKEFIELD CLOSE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 15 on WAKEFIELD CLOSE.