40, ORWELL CLOSE, COLCHESTER, CO4 3YW - £285,000

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

40 ORWELL CLOSE is a small extended detached house of 100m², built sometime between 1983 and 1990. It was last sold for £285,000 in May 2017, which was around 32% below the average May 2017 detached price in the Colchester local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

40 ORWELL CLOSE Sold Prices

Land registry data shows three sales for 40 ORWELL 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 40 ORWELL 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
2017 5 MAY	£285,000	£416,527	32% below HPI
1997 27 MAR	£47,570	£92,966	49% below HPI
1995 16 OCT	£60,000	£89,152	33% below HPI

40 ORWELL 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 40 ORWELL CLOSE sales between October 1995 and May 2017 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 1997 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 40 ORWELL CLOSE?

40 ORWELL CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in March 2017. 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 40 ORWELL CLOSE lies on this distribution: 37% of detached houses are smaller than 40 ORWELL CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Colchester.

40 ORWELL CLOSE: Plot and Title Map

40 ORWELL CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 40 ORWELL 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 40 ORWELL 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 40 ORWELL CLOSE?

40 ORWELL CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 40 on ORWELL CLOSE.