2, CHESTNUT CLOSE, MILE END, COLCHESTER, CO4 5JH - £391,034

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 CHESTNUT CLOSE is a large extended detached house of 122m², built sometime between 2003 and 2006. It was last sold for £391,034 in June 2021, which was around 12% below the average June 2021 detached price in the Colchester local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was C.

2 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 2 CHESTNUT 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 CHESTNUT CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2021 30 JUN	£391,034	£442,452	12% below HPI
2006 20 OCT	£287,500	£287,861	Close to HPI

2 CHESTNUT 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 CHESTNUT CLOSE sales from October 2006 and June 2021 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 October 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 CHESTNUT CLOSE?

2 CHESTNUT CLOSE is 122m², which includes two extensions, according to the EPC inspection conducted in November 2016. 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 CHESTNUT CLOSE lies on this distribution: 61% of detached houses are smaller than 2 CHESTNUT CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 CHESTNUT CLOSE: Plot and Title Map

2 CHESTNUT CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 2 CHESTNUT 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 CHESTNUT 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 CHESTNUT CLOSE?

2 CHESTNUT CLOSE is located in MILE END, in the CO4 postcode district. The below map shows the position of No. 2 on CHESTNUT CLOSE.