17, WAKEFIELD CLOSE, COLCHESTER, CO1 2SD - £72,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

17 WAKEFIELD CLOSE is a very small detached house of 64m², built sometime between 1976 and 1982, which could now be worth an estimated £363,522. It was last sold for £72,500 in October 1997, which was around 28% below the average October 1997 detached price in the Colchester local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

17 WAKEFIELD CLOSE Sold Prices

Land registry data shows two sales for 17 WAKEFIELD 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 17 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
1997 1 OCT	£72,500	£100,166	28% below HPI
1995 1 DEC	£66,500	£87,628	24% below HPI

17 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 two 17 WAKEFIELD CLOSE sales from December 1995 and October 1997 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 1995 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 1997 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 17 WAKEFIELD CLOSE be worth now?

17 WAKEFIELD CLOSE might now be worth an estimated £363,522.

This is based on house price inflation of 401.4%, between October 1997 and February 2025, 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 401.4% inflationary increase is applied to the most recent sale price for 17 WAKEFIELD CLOSE of £72,500 on 1st October 1997. For the value to have increased from £72,500 to £363,522 over the 28 years and eight months to February 2025, the following assumptions must hold true:

• The value of 17 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 1997 sale price of £72,500 represented a fair market value for the property.
• The size, condition, and specification of 17 WAKEFIELD CLOSE has not materially changed since October 1997.

How Large is 17 WAKEFIELD CLOSE?

17 WAKEFIELD CLOSE is 64m² according to the EPC inspection conducted in December 2019. 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 17 WAKEFIELD CLOSE lies on this distribution: 4% of detached houses houses are smaller than 17 WAKEFIELD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Colchester.

17 WAKEFIELD CLOSE: Plot and Title Map

17 WAKEFIELD CLOSE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 17 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 17 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 17 WAKEFIELD CLOSE?

17 WAKEFIELD CLOSE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 17 on WAKEFIELD CLOSE.