2, CASTLEWARD CLOSE, WIVENHOE, COLCHESTER, CO7 9NT - £400,000

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

2 CASTLEWARD CLOSE is a midsized extended detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £406,612. It was last sold for £400,000 in August 2023, which was around 20% below the average August 2023 detached price in the Colchester local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 CASTLEWARD CLOSE Sold Prices

Land registry data shows two sales for 2 CASTLEWARD 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 2 CASTLEWARD 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
2023 14 AUG	£400,000	£500,322	20% below HPI
2007 10 DEC	£205,000	£308,466	34% below HPI

2 CASTLEWARD 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 CASTLEWARD CLOSE sales from December 2007 and August 2023 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 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2023 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 CASTLEWARD CLOSE be worth now?

2 CASTLEWARD CLOSE might now be worth an estimated £406,612.

This is based on house price inflation of 1.7%, between August 2023 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 1.7% inflationary increase is applied to the most recent sale price for 2 CASTLEWARD CLOSE of £400,000 on 14th August 2023. For the value to have increased from £400,000 to £406,612 over the eight months to December 2024, the following assumptions must hold true:

• The value of 2 CASTLEWARD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CASTLEWARD CLOSE has not materially changed since August 2023.

How Large is 2 CASTLEWARD CLOSE?

2 CASTLEWARD CLOSE is 100m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% of detached houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wivenhoe, and where 2 CASTLEWARD CLOSE lies on this distribution: 44% of detached houses houses are smaller than 2 CASTLEWARD CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

2 CASTLEWARD CLOSE: Plot and Title Map

2 CASTLEWARD CLOSE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 2 CASTLEWARD 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 CASTLEWARD 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 CASTLEWARD CLOSE?

2 CASTLEWARD CLOSE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 2 on CASTLEWARD CLOSE.