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

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

16 OTHELLO CLOSE is a very small extended detached house of 78m², built sometime between 1950 and 1966. It was last sold for £259,000 in April 2018, which was around 40% 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	£434,151	40% below HPI
2002 14 AUG	£119,995	£205,075	41% 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 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2018 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 16 OTHELLO CLOSE lies on this distribution: 11% of detached 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.