2, FREEMAN CLOSE, COLCHESTER, CO4 5FJ - £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 FREEMAN CLOSE is a large extended semi-detached house of 122m², built sometime between 2003 and 2006. It was last sold for £345,000 in August 2023, which was around 31% below the average August 2023 detached price in the Colchester local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

2 FREEMAN CLOSE Sold Prices

Land registry data shows three sales for 2 FREEMAN 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 FREEMAN 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 18 AUG	£345,000	£498,951	31% below HPI
2013 20 DEC	£227,500	£302,483	25% below HPI
2006 27 OCT	£230,327	£287,861	20% below HPI

2 FREEMAN 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 FREEMAN CLOSE sales between October 2006 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 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 FREEMAN CLOSE?

2 FREEMAN CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in September 2013. 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 FREEMAN CLOSE lies on this distribution: 61% of detached houses are smaller than 2 FREEMAN CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 FREEMAN CLOSE: Plot and Title Map

2 FREEMAN CLOSE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 2 FREEMAN 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 FREEMAN 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 FREEMAN CLOSE?

2 FREEMAN CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 2 on FREEMAN CLOSE.