1, PENNY CLOSE, COLCHESTER, CO4 6DQ - £390,000

1 PENNY CLOSE is a small detached house of 94m². It was last sold for £390,000 in March 2022, which was around 24% below the average March 2022 detached price in the Colchester local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was A.

1 PENNY CLOSE Sold Prices

Land registry data shows two sales for 1 PENNY 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 PENNY 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
2022 10 MAR	£390,000	£515,979	24% below HPI
2018 30 AUG	£335,000	£436,122	23% below HPI

1 PENNY 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 PENNY CLOSE sales from August 2018 and March 2022 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 August 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 PENNY CLOSE?

1 PENNY CLOSE is 94m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 40% 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 PENNY CLOSE lies on this distribution: 31% of detached houses are smaller than 1 PENNY CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 PENNY CLOSE: Plot and Title Map

1 PENNY CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 1 PENNY 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 PENNY 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 PENNY CLOSE?

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