5, MAYFIELD CLOSE, COLCHESTER, CO4 0QL - £227,500

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

5 MAYFIELD CLOSE is a very small detached house of 69m², built sometime between 1976 and 1982. It was last sold for £227,500 in July 2011, which was around 20% below the average July 2011 detached price in the Colchester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

5 MAYFIELD CLOSE Sold Prices

Land registry data shows two sales for 5 MAYFIELD 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 5 MAYFIELD 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
2011 25 JUL	£227,500	£282,927	20% below HPI
2003 21 MAR	£149,000	£227,259	34% below HPI

5 MAYFIELD 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 5 MAYFIELD CLOSE sales from March 2003 and July 2011 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 2003 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2011 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 5 MAYFIELD CLOSE?

5 MAYFIELD CLOSE is 69m² according to the EPC inspection conducted in March 2011. 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 5 MAYFIELD CLOSE lies on this distribution: 6% of detached houses are smaller than 5 MAYFIELD CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 MAYFIELD CLOSE: Plot and Title Map

5 MAYFIELD CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 5 MAYFIELD 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 5 MAYFIELD 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 5 MAYFIELD CLOSE?

5 MAYFIELD CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 5 on MAYFIELD CLOSE.