2, GUNFLEET CLOSE, WEST MERSEA, COLCHESTER, CO5 8LE - £400,000

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 GUNFLEET CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £400,000 in August 2022, which was around 22% below the average August 2022 detached price in the Colchester local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

2 GUNFLEET CLOSE Sold Prices

Land registry data shows two sales for 2 GUNFLEET 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. Both of the two 2 GUNFLEET 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
2022 3 AUG	£400,000	£511,451	22% below HPI
2013 15 MAR	£205,000	£289,443	29% below HPI

2 GUNFLEET 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 GUNFLEET CLOSE sales from March 2013 and August 2022 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 March 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 GUNFLEET CLOSE?

2 GUNFLEET CLOSE is 69m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 10% 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 GUNFLEET CLOSE lies on this distribution: 7% of detached houses are smaller than 2 GUNFLEET CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

2 GUNFLEET CLOSE: Plot and Title Map

2 GUNFLEET CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 2 GUNFLEET 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 GUNFLEET 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 GUNFLEET CLOSE?

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