1, FREEMAN CLOSE, COLCHESTER, CO4 5FJ - £296,000

1 FREEMAN CLOSE is a midsized detached house of 109m², built sometime between 2003 and 2006. It was last sold for £296,000 in December 2015, which was around 20% below the average December 2015 detached price in the Colchester local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

1 FREEMAN CLOSE Sold Prices

Land registry data shows two sales for 1 FREEMAN 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 1 FREEMAN 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
2015 11 DEC	£296,000	£371,789	20% below HPI
2011 2 DEC	£220,000	£286,632	23% below HPI

1 FREEMAN 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 1 FREEMAN CLOSE sales from December 2011 and December 2015 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 December 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 FREEMAN CLOSE?

1 FREEMAN CLOSE is 109m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 1 FREEMAN CLOSE lies on this distribution: 48% of detached houses are smaller than 1 FREEMAN CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 FREEMAN CLOSE: Plot and Title Map

1 FREEMAN CLOSE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 1 FREEMAN 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 1 FREEMAN 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 1 FREEMAN CLOSE?

1 FREEMAN CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 1 on FREEMAN CLOSE.