37, REYMEAD CLOSE, WEST MERSEA, COLCHESTER, CO5 8DL - £232,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

37 REYMEAD CLOSE is a small detached house of 92m², built sometime between 1967 and 1975. It was last sold for £232,000 in July 2015, which was around 34% below the average July 2015 detached price in the Colchester local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

37 REYMEAD CLOSE Sold Prices

Land registry data shows three sales for 37 REYMEAD 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. All of the three 37 REYMEAD 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 17 JUL	£232,000	£349,277	34% below HPI
2004 11 MAR	£159,995	£251,696	36% below HPI
1997 8 AUG	£58,000	£99,515	42% below HPI

37 REYMEAD 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 37 REYMEAD CLOSE sales between August 1997 and July 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 March 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2015 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 37 REYMEAD CLOSE?

37 REYMEAD CLOSE is 92m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 30% of detached houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 37 REYMEAD CLOSE lies on this distribution: 29% of detached houses are smaller than 37 REYMEAD CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

37 REYMEAD CLOSE: Plot and Title Map

37 REYMEAD CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 37 REYMEAD 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 37 REYMEAD 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 37 REYMEAD CLOSE?

37 REYMEAD CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 37 on REYMEAD CLOSE.