24, LENZ CLOSE, COLCHESTER, CO1 2FP - £240,000

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

24 LENZ CLOSE is a small detached house of 93m². It was last sold for £240,000 in March 2016, which was around 36% below the average March 2016 detached price in the Colchester local authority area. The most recent EPC inspection was July 2010, where the current energy rating was B, and the potential energy rating was B.

24 LENZ CLOSE Sold Prices

Land registry data shows two sales for 24 LENZ 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 24 LENZ 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
2016 31 MAR	£240,000	£373,797	36% below HPI
2011 29 JUL	£209,995	£282,927	26% below HPI

24 LENZ 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 24 LENZ CLOSE sales from July 2011 and March 2016 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 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2016 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 24 LENZ CLOSE?

24 LENZ CLOSE is 93m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 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 24 LENZ CLOSE lies on this distribution: 31% of detached houses are smaller than 24 LENZ CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Colchester.

24 LENZ CLOSE: Plot and Title Map

24 LENZ CLOSE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 24 LENZ 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 24 LENZ 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 24 LENZ CLOSE?

24 LENZ CLOSE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 24 on LENZ CLOSE.