2, MILES CLOSE, STANWAY, COLCHESTER, CO3 0JB - £475,000

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 MILES CLOSE is a midsized detached house of 120m², built sometime between 1991 and 1995. It was last sold for £475,000 in May 2021, which was around 8% above the average May 2021 detached price in the Colchester local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

2 MILES CLOSE Sold Prices

Land registry data shows three sales for 2 MILES 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 MILES CLOSE sales were for above the average price, whilst one was 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
2021 10 MAY	£475,000	£438,139	8% above HPI
2017 23 OCT	£385,000	£433,691	11% below HPI
1999 5 AUG	£125,000	£122,586	2% above HPI

2 MILES 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 MILES CLOSE sales between August 1999 and May 2021 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 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 MILES CLOSE?

2 MILES CLOSE is 120m² according to the EPC inspection conducted in June 2017. This puts it in the largest 50% 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 MILES CLOSE lies on this distribution: 59% of detached houses are smaller than 2 MILES CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 MILES CLOSE: Plot and Title Map

2 MILES CLOSE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 2 MILES 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 MILES 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 MILES CLOSE?

2 MILES CLOSE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 2 on MILES CLOSE.