7, BALE CLOSE, COLCHESTER, CO3 9XP - £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

7 BALE CLOSE is a very small extended detached house of 84m², built sometime between 1976 and 1982. It was last sold for £285,000 in August 2016, which was around 28% below the average August 2016 detached price in the Colchester local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

7 BALE CLOSE Sold Prices

Land registry data shows four sales for 7 BALE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 7 BALE 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 5 AUG	£285,000	£398,471	28% below HPI
2006 28 FEB	£187,000	£275,510	32% below HPI
2001 25 MAY	£104,000	£156,204	33% below HPI
1997 24 NOV	£68,995	£99,958	31% below HPI

7 BALE 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 four 7 BALE CLOSE sales between November 1997 and August 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 February 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 BALE CLOSE?

7 BALE CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 7 BALE CLOSE lies on this distribution: 18% of detached houses are smaller than 7 BALE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 BALE CLOSE: Plot and Title Map

7 BALE CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 7 BALE 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 7 BALE 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 7 BALE CLOSE?

7 BALE CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 7 on BALE CLOSE.