1, HEREWARD CLOSE, WIVENHOE, COLCHESTER, CO7 9SB - £245,000

1 HEREWARD CLOSE is a very small detached house of 58m², built sometime between 1976 and 1982. It was last sold for £245,000 in November 2020, which was around 46% below the average November 2020 detached price in the Colchester local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

1 HEREWARD CLOSE Sold Prices

Land registry data shows four sales for 1 HEREWARD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 1 HEREWARD 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
2020 13 NOV	£245,000	£454,919	46% below HPI
2015 15 JAN	£215,000	£333,004	35% below HPI
2008 11 JUL	£165,000	£281,113	41% below HPI
2006 1 DEC	£155,000	£292,913	47% below HPI

1 HEREWARD 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 four 1 HEREWARD CLOSE sales between December 2006 and November 2020 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 January 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2020 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 1 HEREWARD CLOSE?

1 HEREWARD CLOSE is 58m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 10% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where 1 HEREWARD CLOSE lies on this distribution: 3% of detached houses are smaller than 1 HEREWARD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

1 HEREWARD CLOSE: Plot and Title Map

1 HEREWARD CLOSE sits on a plot of roughly 0.067 of an acre, or 269m². The below map shows the location of 1 HEREWARD 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 HEREWARD 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 HEREWARD CLOSE?

1 HEREWARD CLOSE is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 1 on HEREWARD CLOSE.