2, BAINES CLOSE, COLCHESTER, CO3 4AL - £103,000

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

2 BAINES CLOSE is a large extended detached house of 126m², built sometime between 1967 and 1975. It was last sold for £103,000 in May 1997, which was around 8% above the average May 1997 detached price in the Colchester local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

2 BAINES CLOSE Sold Prices

Land registry data shows two sales for 2 BAINES 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. One of the two 2 BAINES CLOSE sales was for above the average price, whilst the other was 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 30 MAY	£103,000	£95,181	8% above HPI
1996 1 MAY	£84,000	£89,086	6% below HPI

2 BAINES 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 2 BAINES CLOSE sales from May 1996 and May 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 May 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 1997 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 BAINES CLOSE?

2 BAINES CLOSE is 126m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 BAINES CLOSE lies on this distribution: 65% of detached houses are smaller than 2 BAINES CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 BAINES CLOSE: Plot and Title Map

2 BAINES CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 2 BAINES 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 2 BAINES 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 2 BAINES CLOSE?

2 BAINES CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 2 on BAINES CLOSE.