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

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 COLWAY CLOSE is a very small detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £436,468. It was last sold for £345,000 in October 2016, which was around 16% 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	£411,825	16% below HPI
2011 27 OCT	£290,000	£333,734	13% below HPI
2002 18 SEP	£187,000	£233,211	20% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 COLWAY CLOSE be worth now?

2 COLWAY CLOSE might now be worth an estimated £436,468.

This is based on house price inflation of 26.5%, between October 2016 and December 2024, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.5% inflationary increase is applied to the most recent sale price for 2 COLWAY CLOSE of £345,000 on 19th October 2016. For the value to have increased from £345,000 to £436,468 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 COLWAY CLOSE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The October 2016 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 COLWAY CLOSE has not materially changed since October 2016.

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 houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyme Regis, and where 2 COLWAY CLOSE lies on this distribution: 6% of detached houses 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.