31, WAKEFIELD CLOSE, COLCHESTER, CO1 2SD - £305,000

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

31 WAKEFIELD CLOSE is a very small detached house of 60m², built sometime between 1976 and 1982. It was last sold for £305,000 in January 2019, which was around 31% below the average January 2019 detached price in the Colchester local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

31 WAKEFIELD CLOSE Sold Prices

Land registry data shows two sales for 31 WAKEFIELD 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 31 WAKEFIELD 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
2019 25 JAN	£305,000	£439,158	31% below HPI
2014 3 JUL	£200,000	£320,393	38% below HPI

31 WAKEFIELD 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 31 WAKEFIELD CLOSE sales from July 2014 and January 2019 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 2014 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2019 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 31 WAKEFIELD CLOSE?

31 WAKEFIELD CLOSE is 60m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 31 WAKEFIELD CLOSE lies on this distribution: 3% of detached houses are smaller than 31 WAKEFIELD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Colchester.

31 WAKEFIELD CLOSE: Plot and Title Map

31 WAKEFIELD CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 31 WAKEFIELD 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 31 WAKEFIELD 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 31 WAKEFIELD CLOSE?

31 WAKEFIELD CLOSE is located in COLCHESTER, in the CO1 postcode district. The below map shows the position of No. 31 on WAKEFIELD CLOSE.