2, PENNY CLOSE, COLCHESTER, CO4 6DQ - £370,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PENNY CLOSE is a small semi-detached house of 89m², which could now be worth an estimated £366,830. It was last sold for £370,000 in April 2023, which was around 11% above the average April 2023 semi-detached price in the Colchester local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was A.

2 PENNY CLOSE Sold Prices

Land registry data shows two sales for 2 PENNY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. Both of the two 2 PENNY CLOSE 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
2023 28 APR	£370,000	£334,766	11% above HPI
2018 28 NOV	£310,000	£281,259	10% above HPI

2 PENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The two 2 PENNY CLOSE sales from November 2018 and April 2023 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 November 2018 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2023 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 PENNY CLOSE be worth now?

2 PENNY CLOSE might now be worth an estimated £366,830.

This is based on house price deflation of 0.9%, between April 2023 and October 2025, for semi-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 0.9% deflationary decrease is applied to the most recent sale price for 2 PENNY CLOSE of £370,000 on 28th April 2023. For the value to have decreased from £370,000 to £366,830 over the one year and six months to October 2025, the following assumptions must hold true:

• The value of 2 PENNY CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The April 2023 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNY CLOSE has not materially changed since April 2023.

How Large is 2 PENNY CLOSE?

2 PENNY CLOSE is 89m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 30% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 2 PENNY CLOSE lies on this distribution: 25% of semi-detached houses houses are smaller than 2 PENNY CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 PENNY CLOSE: Plot and Title Map

2 PENNY CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 2 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 2 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 2 PENNY CLOSE?

2 PENNY CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 2 on PENNY CLOSE.