2, SALARY CLOSE, COLCHESTER, CO4 3HL - £267,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 SALARY CLOSE is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £304,506. It was last sold for £267,500 in October 2018, which was around 39% below the average October 2018 detached price in the Colchester local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

2 SALARY CLOSE Sold Prices

Land registry data shows four sales for 2 SALARY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 2 SALARY 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 15 OCT	£267,500	£441,206	39% below HPI
2013 20 AUG	£206,000	£293,912	30% below HPI
2010 20 SEP	£175,000	£288,685	39% below HPI
1996 14 AUG	£70,500	£91,159	23% below HPI

2 SALARY 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 four 2 SALARY CLOSE sales between August 1996 and October 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 August 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2018 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 2 SALARY CLOSE be worth now?

2 SALARY CLOSE might now be worth an estimated £304,506.

This is based on house price inflation of 13.8%, between October 2018 and February 2025, 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 13.8% inflationary increase is applied to the most recent sale price for 2 SALARY CLOSE of £267,500 on 15th October 2018. For the value to have increased from £267,500 to £304,506 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 SALARY CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2018 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 2 SALARY CLOSE has not materially changed since October 2018.

How Large is 2 SALARY CLOSE?

2 SALARY CLOSE is 67m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 2 SALARY CLOSE lies on this distribution: 5% of detached houses houses are smaller than 2 SALARY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 SALARY CLOSE: Plot and Title Map

2 SALARY CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 SALARY 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 SALARY 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 SALARY CLOSE?

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