2, COLWAY CLOSE, LYME REGIS, DT7 3BE - £345,000

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 COLWAY CLOSE is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £345,000 in October 2016, which was around 14% below the average October 2016 detached price in the Dorset local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

2 COLWAY CLOSE Sold Prices

Land registry data shows three sales for 2 COLWAY 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 Dorset local authority area for the corresponding sale date. All of the three 2 COLWAY 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
2016 19 OCT	£345,000	£399,387	14% below HPI
2011 27 OCT	£290,000	£323,654	10% below HPI
2002 18 SEP	£187,000	£226,168	17% below HPI

2 COLWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three 2 COLWAY CLOSE sales between September 2002 and October 2016 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 2011 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 COLWAY CLOSE?

2 COLWAY CLOSE is 73m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of detached houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Lyme Regis, and where 2 COLWAY CLOSE lies on this distribution: 6% of detached houses are smaller than 2 COLWAY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

2 COLWAY CLOSE: Plot and Title Map

2 COLWAY CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 2 COLWAY 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 COLWAY 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 COLWAY CLOSE?

2 COLWAY CLOSE is located in LYME REGIS, in the DT7 postcode district. The below map shows the position of No. 2 on COLWAY CLOSE.