18, MIDLAND CLOSE, COLCHESTER, CO2 7RS - £350,000

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

18 MIDLAND CLOSE is a small detached house of 90m², built sometime between 1996 and 2002. It was last sold for £350,000 in April 2024, which was around 28% below the average April 2024 detached price in the Colchester local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was B.

18 MIDLAND CLOSE Sold Prices

Land registry data shows three sales for 18 MIDLAND 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 18 MIDLAND 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
2024 26 APR	£350,000	£488,496	28% below HPI
2005 25 FEB	£231,000	£262,309	12% below HPI
1996 15 NOV	£73,000	£92,053	21% below HPI

18 MIDLAND 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 18 MIDLAND CLOSE sales between November 1996 and April 2024 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 February 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 18 MIDLAND CLOSE?

18 MIDLAND CLOSE is 90m² according to the EPC inspection conducted in December 2023. This puts it in the smallest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 18 MIDLAND CLOSE lies on this distribution: 26% of detached houses are smaller than 18 MIDLAND CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Colchester.

18 MIDLAND CLOSE: Plot and Title Map

18 MIDLAND CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 18 MIDLAND 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 18 MIDLAND 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 18 MIDLAND CLOSE?

18 MIDLAND CLOSE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 18 on MIDLAND CLOSE.