7, PIER CLOSE, COLCHESTER, CO2 9FW - £365,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 PIER CLOSE is a large detached house of 128m², which could now be worth an estimated £421,088. It was last sold for £365,000 in April 2018, which was around 16% below the average April 2018 detached price in the Colchester local authority area. The most recent EPC inspection was June 2013, where the current energy rating was B, and the potential energy rating was B.

7 PIER CLOSE Sold Prices

Land registry data shows three sales for 7 PIER 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 7 PIER 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
2018 20 APR	£365,000	£435,344	16% below HPI
2016 13 OCT	£340,000	£411,806	17% below HPI
2013 29 NOV	£259,995	£305,088	15% below HPI

7 PIER 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 7 PIER CLOSE sales between November 2013 and April 2018 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 October 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 7 PIER CLOSE be worth now?

7 PIER CLOSE might now be worth an estimated £421,088.

This is based on house price inflation of 15.4%, between April 2018 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.4% inflationary increase is applied to the most recent sale price for 7 PIER CLOSE of £365,000 on 20th April 2018. For the value to have increased from £365,000 to £421,088 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 7 PIER CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2018 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PIER CLOSE has not materially changed since April 2018.

How Large is 7 PIER CLOSE?

7 PIER CLOSE is 128m² according to the EPC inspection conducted in June 2013. This puts it in the largest 20% of detached houses houses in Berechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Berechurch, and where 7 PIER CLOSE lies on this distribution: 79% of detached houses houses are smaller than 7 PIER CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

7 PIER CLOSE: Plot and Title Map

7 PIER CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 7 PIER 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 PIER 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 PIER CLOSE?

7 PIER CLOSE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 7 on PIER CLOSE.