71, REYMEAD CLOSE, WEST MERSEA, COLCHESTER, CO5 8DH - £320,000

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

71 REYMEAD CLOSE is a midsized extended detached house of 124m², built sometime between 1967 and 1975. It was last sold for £320,000 in June 2017, which was around 24% below the average June 2017 detached price in the Colchester local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

71 REYMEAD CLOSE Sold Prices

Land registry data shows two sales for 71 REYMEAD 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 71 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
2017 30 JUN	£320,000	£422,755	24% below HPI
2006 29 JUN	£225,000	£279,204	19% below HPI

71 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 two 71 REYMEAD CLOSE sales from June 2006 and June 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 June 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2017 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 71 REYMEAD CLOSE?

71 REYMEAD CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 50% 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 71 REYMEAD CLOSE lies on this distribution: 58% of detached houses are smaller than 71 REYMEAD CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

71 REYMEAD CLOSE: Plot and Title Map

71 REYMEAD CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 71 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 71 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 71 REYMEAD CLOSE?

71 REYMEAD CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 71 on REYMEAD CLOSE.