2, LAWNS CLOSE, WEST MERSEA, COLCHESTER, CO5 8RN - £352,750

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 LAWNS CLOSE is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £352,750 in May 2018, which was around 19% below the average May 2018 detached price in the Colchester local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was A.

2 LAWNS CLOSE Sold Prices

Land registry data shows three sales for 2 LAWNS 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 LAWNS 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
2018 25 MAY	£352,750	£433,893	19% below HPI
2003 28 DEC	£207,000	£241,356	14% below HPI
2002 6 SEP	£139,000	£215,775	36% below HPI

2 LAWNS 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 LAWNS CLOSE sales between September 2002 and May 2018 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 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 LAWNS CLOSE be worth now?

2 LAWNS CLOSE might now be worth an estimated £413,479.

This is based on house price inflation of 17.2%, between May 2018 and December 2024, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for 2 LAWNS CLOSE of £352,750 on 25th May 2018. For the value to have increased from £352,750 to £413,479 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of 2 LAWNS CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2018 sale price of £352,750 represented a fair market value for the property.
• The size, condition, and specification of 2 LAWNS CLOSE has not materially changed since May 2018.

How Large is 2 LAWNS CLOSE?

2 LAWNS CLOSE is 66m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 2 LAWNS CLOSE lies on this distribution: 4% of detached houses houses are smaller than 2 LAWNS CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

2 LAWNS CLOSE: Plot and Title Map

2 LAWNS CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 2 LAWNS 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 LAWNS 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 LAWNS CLOSE?

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