16, OTHELLO CLOSE, COLCHESTER, CO4 3LB - £259,000

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

16 OTHELLO CLOSE is a very small extended detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £302,578. It was last sold for £259,000 in April 2018, which was around 41% below the average April 2018 detached price in the Colchester local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

16 OTHELLO CLOSE Sold Prices

Land registry data shows two sales for 16 OTHELLO 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 Colchester local authority area for the corresponding sale date. Both of the two 16 OTHELLO 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
2018 24 APR	£259,000	£435,344	41% below HPI
2002 14 AUG	£119,995	£205,639	42% below HPI

16 OTHELLO 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 two 16 OTHELLO CLOSE sales from August 2002 and April 2018 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 August 2002 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2018 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 16 OTHELLO CLOSE be worth now?

16 OTHELLO CLOSE might now be worth an estimated £302,578.

This is based on house price inflation of 16.8%, between April 2018 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 16.8% inflationary increase is applied to the most recent sale price for 16 OTHELLO CLOSE of £259,000 on 24th April 2018. For the value to have increased from £259,000 to £302,578 over the five years and four months to December 2024, the following assumptions must hold true:

• The value of 16 OTHELLO CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2018 sale price of £259,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OTHELLO CLOSE has not materially changed since April 2018.

How Large is 16 OTHELLO CLOSE?

16 OTHELLO CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% 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 16 OTHELLO CLOSE lies on this distribution: 11% of detached houses houses are smaller than 16 OTHELLO CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Colchester.

16 OTHELLO CLOSE: Plot and Title Map

16 OTHELLO CLOSE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 16 OTHELLO 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 16 OTHELLO 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 16 OTHELLO CLOSE?

16 OTHELLO CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 16 on OTHELLO CLOSE.