17A, REYMEAD CLOSE, WEST MERSEA, COLCHESTER, CO5 8DJ - £260,000

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

17A REYMEAD CLOSE is a small detached house of 92m², built sometime between 1967 and 1975. It was last sold for £260,000 in September 2016, which was around 36% below the average September 2016 detached price in the Colchester local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

17A REYMEAD CLOSE Sold Prices

Land registry data shows three sales for 17A REYMEAD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 17A REYMEAD 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
2016 12 SEP	£260,000	£406,976	36% below HPI
2015 16 APR	£222,000	£346,427	36% below HPI
1999 6 AUG	£65,000	£122,923	47% below HPI

17A REYMEAD 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 three 17A REYMEAD CLOSE sales between August 1999 and September 2016 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 April 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2016 sale, which was also at 36% below the HPI.

What might 17A REYMEAD CLOSE be worth now?

17A REYMEAD CLOSE might now be worth an estimated £324,918.

This is based on house price inflation of 25%, between September 2016 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 25% inflationary increase is applied to the most recent sale price for 17A REYMEAD CLOSE of £260,000 on 12th September 2016. For the value to have increased from £260,000 to £324,918 over the seven years and nine months to December 2024, the following assumptions must hold true:

• The value of 17A REYMEAD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 17A REYMEAD CLOSE has not materially changed since September 2016.

How Large is 17A REYMEAD CLOSE?

17A REYMEAD CLOSE is 92m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 17A REYMEAD CLOSE lies on this distribution: 29% of detached houses houses are smaller than 17A REYMEAD CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

17A REYMEAD CLOSE: Plot and Title Map

17A REYMEAD CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 17A REYMEAD 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 17A REYMEAD 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 17A REYMEAD CLOSE?

17A REYMEAD CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 17A on REYMEAD CLOSE.