2, MERCURY CLOSE, COLCHESTER, CO2 9RJ - £436,000

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 MERCURY CLOSE is a large extended detached house of 143m², built sometime between 1996 and 2002. It was last sold for £436,000 in August 2024, which was around 14% below the average August 2024 detached price in the Colchester local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was C.

2 MERCURY CLOSE Sold Prices

Land registry data shows three sales for 2 MERCURY 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. Two of the three 2 MERCURY CLOSE sales were for below the average price, whilst one was for above 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
2024 2 AUG	£436,000	£509,235	14% below HPI
2004 20 AUG	£249,995	£261,089	4% below HPI
1996 13 DEC	£125,000	£91,325	37% above HPI

2 MERCURY 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 MERCURY CLOSE sales between December 1996 and August 2024 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 August 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 MERCURY CLOSE?

2 MERCURY CLOSE is 143m², which includes three extensions, according to the EPC inspection conducted in May 2024. This puts it in the largest 30% 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 MERCURY CLOSE lies on this distribution: 77% of detached houses are smaller than 2 MERCURY CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 MERCURY CLOSE: Plot and Title Map

2 MERCURY CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 2 MERCURY 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 MERCURY 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 MERCURY CLOSE?

2 MERCURY CLOSE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 2 on MERCURY CLOSE.