8, FRANCES CLOSE, WIVENHOE, COLCHESTER, CO7 9RP - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 FRANCES CLOSE is a midsized detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £492,128. It was last sold for £220,000 in January 2003, which was around 3% below the average January 2003 detached price in the Colchester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

8 FRANCES CLOSE Sold Prices

Land registry data shows two sales for 8 FRANCES 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 8 FRANCES 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
2003 6 JAN	£220,000	£227,360	3% below HPI
1997 19 JUN	£88,000	£96,103	8% below HPI

8 FRANCES 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 8 FRANCES CLOSE sales from June 1997 and January 2003 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 1997 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2003 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 8 FRANCES CLOSE be worth now?

8 FRANCES CLOSE might now be worth an estimated £492,128.

This is based on house price inflation of 123.7%, between January 2003 and December 2024, 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 123.7% inflationary increase is applied to the most recent sale price for 8 FRANCES CLOSE of £220,000 on 6th January 2003. For the value to have increased from £220,000 to £492,128 over the twenty years and one month to December 2024, the following assumptions must hold true:

• The value of 8 FRANCES CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The January 2003 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FRANCES CLOSE has not materially changed since January 2003.

How Large is 8 FRANCES CLOSE?

8 FRANCES CLOSE is 101m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% of detached houses houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wivenhoe, and where 8 FRANCES CLOSE lies on this distribution: 46% of detached houses houses are smaller than 8 FRANCES CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

8 FRANCES CLOSE: Plot and Title Map

8 FRANCES CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 8 FRANCES 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 8 FRANCES 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 8 FRANCES CLOSE?

8 FRANCES CLOSE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 8 on FRANCES CLOSE.