THE RECTORY, RECTORY CLOSE, COLCHESTER, CO4 5DN - £760,000

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

THE RECTORY is a very large extended detached house of 159m², built sometime between 1967 and 1975. It was last sold for £760,000 in March 2024, which was around 55% above the average March 2024 detached price in the Colchester local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was C.

THE RECTORY Sold Prices

Land registry data shows two sales for THE RECTORY 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 THE RECTORY sales were for above 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
2024 15 MAR	£760,000	£488,997	55% above HPI
2014 28 MAY	£325,000	£314,158	3% above HPI

THE RECTORY 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 THE RECTORY sales from May 2014 and March 2024 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 May 2014 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2024 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is THE RECTORY?

THE RECTORY is 159m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the largest 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 THE RECTORY lies on this distribution: 85% of detached houses are smaller than THE RECTORY, and 15% of houses are larger. Note that EPC data is not available for all properties in Colchester.

THE RECTORY: Plot and Title Map

THE RECTORY sits on a plot of roughly 0.211 of an acre, or 854m². The below map shows the location of THE RECTORY, 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 THE RECTORY). 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 THE RECTORY?

THE RECTORY is located on RECTORY CLOSE in COLCHESTER, in the CO4 postcode district. The below map shows the position of THE RECTORY on RECTORY CLOSE.