3, FESTIVAL CLOSE, WEELEY, CLACTON-ON-SEA, CO16 9JW - £285,000

3 FESTIVAL CLOSE is a very small detached house of 68m², built sometime between 2003 and 2006. It was last sold for £285,000 in September 2016, which was around 9% above the average September 2016 detached price in the Tendring local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

3 FESTIVAL CLOSE Sold Prices

Land registry data shows two sales for 3 FESTIVAL 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 Tendring local authority area for the corresponding sale date. Both of the two 3 FESTIVAL 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
2016 30 SEP	£285,000	£260,776	9% above HPI
2005 24 FEB	£470,000	£196,940	139% above HPI

3 FESTIVAL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The two 3 FESTIVAL CLOSE sales from February 2005 and September 2016 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 February 2005 sale was for 139% above the HPI. So the extrapolation line tracks at 139% above the HPI over time, until the September 2016 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 3 FESTIVAL CLOSE?

3 FESTIVAL CLOSE is 68m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses in Weeley, based on EPC data. The below chart shows the distribution of detached houses by size in Weeley, and where 3 FESTIVAL CLOSE lies on this distribution: 13% of detached houses are smaller than 3 FESTIVAL CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Weeley.

3 FESTIVAL CLOSE: Plot and Title Map

3 FESTIVAL CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 3 FESTIVAL 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 3 FESTIVAL 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 3 FESTIVAL CLOSE?

3 FESTIVAL CLOSE is located in WEELEY, in the CO16 postcode district. The below map shows the position of No. 3 on FESTIVAL CLOSE.