2, CHANDLERS CLOSE, WEST MERSEA, COLCHESTER, CO5 8DY - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CHANDLERS CLOSE is a midsized extended detached house of 114m², built sometime between 1983 and 1990. It was last sold for £280,000 in August 2017, which was around 35% below the average August 2017 detached price in the Colchester local authority area. The most recent EPC inspection was June 2011, where the current energy rating was E, and the potential energy rating was D.

2 CHANDLERS CLOSE Sold Prices

Land registry data shows three sales for 2 CHANDLERS 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 2 CHANDLERS 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
2017 30 AUG	£280,000	£428,227	35% below HPI
2010 6 AUG	£195,000	£284,644	31% below HPI
2006 25 AUG	£215,000	£282,194	24% below HPI

2 CHANDLERS 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 2 CHANDLERS CLOSE sales between August 2006 and August 2017 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 August 2010 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2017 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 CHANDLERS CLOSE?

2 CHANDLERS CLOSE is 114m², which includes two extensions, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% of detached houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 2 CHANDLERS CLOSE lies on this distribution: 49% of detached houses are smaller than 2 CHANDLERS CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

2 CHANDLERS CLOSE: Plot and Title Map

2 CHANDLERS CLOSE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 2 CHANDLERS 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 CHANDLERS 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 CHANDLERS CLOSE?

2 CHANDLERS CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 2 on CHANDLERS CLOSE.