2, WARWICK BAILEY CLOSE, COLCHESTER, CO4 5ER - £420,000

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 WARWICK BAILEY CLOSE is a large detached house of 130m², built sometime between 1996 and 2002. It was last sold for £420,000 in March 2021, which was around 4% below the average March 2021 detached price in the Colchester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

2 WARWICK BAILEY CLOSE Sold Prices

Land registry data shows three sales for 2 WARWICK BAILEY 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. One of the three 2 WARWICK BAILEY CLOSE sales was for below the average price, whilst two were 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
2021 5 MAR	£420,000	£438,624	4% below HPI
2002 29 JUL	£245,000	£200,250	22% above HPI
1996 18 DEC	£115,000	£91,325	26% above HPI

2 WARWICK BAILEY 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 WARWICK BAILEY CLOSE sales between December 1996 and March 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 July 2002 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 WARWICK BAILEY CLOSE?

2 WARWICK BAILEY CLOSE is 130m² according to the EPC inspection conducted in September 2020. This puts it in the largest 40% 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 WARWICK BAILEY CLOSE lies on this distribution: 68% of detached houses are smaller than 2 WARWICK BAILEY CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 WARWICK BAILEY CLOSE: Plot and Title Map

2 WARWICK BAILEY CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 2 WARWICK BAILEY 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 WARWICK BAILEY 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 WARWICK BAILEY CLOSE?

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