8, REYMEAD CLOSE, WEST MERSEA, COLCHESTER, CO5 8DJ - £330,000

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 REYMEAD CLOSE is a midsized extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £330,000 in December 2018, which was around 25% below the average December 2018 detached price in the Colchester local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was A.

8 REYMEAD CLOSE Sold Prices

Land registry data shows two sales for 8 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 8 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
2018 3 DEC	£330,000	£440,195	25% below HPI
2002 12 APR	£134,995	£183,799	27% below HPI

8 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 8 REYMEAD CLOSE sales from April 2002 and December 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 April 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 REYMEAD CLOSE be worth now?

8 REYMEAD CLOSE might now be worth an estimated £381,275.

This is based on house price inflation of 15.5%, between December 2018 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 15.5% inflationary increase is applied to the most recent sale price for 8 REYMEAD CLOSE of £330,000 on 3rd December 2018. For the value to have increased from £330,000 to £381,275 over the six years to December 2024, the following assumptions must hold true:

• The value of 8 REYMEAD CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2018 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 8 REYMEAD CLOSE has not materially changed since December 2018.

How Large is 8 REYMEAD CLOSE?

8 REYMEAD CLOSE is 107m², which includes three extensions, according to the EPC inspection conducted in June 2018. This puts it in the smallest 50% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 8 REYMEAD CLOSE lies on this distribution: 42% of detached houses houses are smaller than 8 REYMEAD CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

8 REYMEAD CLOSE: Plot and Title Map

8 REYMEAD CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 8 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 8 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 8 REYMEAD CLOSE?

8 REYMEAD CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 8 on REYMEAD CLOSE.