2, SWAN CLOSE, COLCHESTER, CO4 3BL - £245,000

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 SWAN CLOSE is a very small detached house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £359,122. It was last sold for £245,000 in June 2015, which was around 29% below the average June 2015 detached price in the Colchester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was B.

2 SWAN CLOSE Sold Prices

Land registry data shows two sales for 2 SWAN 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 SWAN 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
2015 26 JUN	£245,000	£346,971	29% below HPI
2013 16 JUL	£217,000	£290,631	25% below HPI

2 SWAN 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 SWAN CLOSE sales from July 2013 and June 2015 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 July 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2015 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 SWAN CLOSE be worth now?

2 SWAN CLOSE might now be worth an estimated £359,122.

This is based on house price inflation of 46.6%, between June 2015 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 46.6% inflationary increase is applied to the most recent sale price for 2 SWAN CLOSE of £245,000 on 26th June 2015. For the value to have increased from £245,000 to £359,122 over the eight years and six months to December 2024, the following assumptions must hold true:

• The value of 2 SWAN CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SWAN CLOSE has not materially changed since June 2015.

How Large is 2 SWAN CLOSE?

2 SWAN CLOSE is 73m² according to the EPC inspection conducted in May 2014. 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 SWAN CLOSE lies on this distribution: 8% of detached houses houses are smaller than 2 SWAN CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 SWAN CLOSE: Plot and Title Map

2 SWAN CLOSE sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of 2 SWAN 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 SWAN 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 SWAN CLOSE?

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