8, PENNY CLOSE, COLCHESTER, CO4 6DQ - £525,000

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.

8 PENNY CLOSE is a very large detached house of 158m², which could now be worth an estimated £526,879. It was last sold for £525,000 in December 2023, which was around 5% above the average December 2023 detached price in the Colchester local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was B.

8 PENNY CLOSE Sold Prices

Land registry data shows two sales for 8 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 8 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 20 DEC	£525,000	£498,400	5% above HPI
2018 26 OCT	£510,000	£441,206	16% above HPI

8 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 8 PENNY CLOSE sales from October 2018 and December 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 October 2018 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2023 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 8 PENNY CLOSE be worth now?

8 PENNY CLOSE might now be worth an estimated £526,879.

This is based on house price inflation of 0.4%, between December 2023 and October 2025, for 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 0.4% inflationary increase is applied to the most recent sale price for 8 PENNY CLOSE of £525,000 on 20th December 2023. For the value to have increased from £525,000 to £526,879 over the two years and two months to October 2025, the following assumptions must hold true:

• The value of 8 PENNY CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2023 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PENNY CLOSE has not materially changed since December 2023.

How Large is 8 PENNY CLOSE?

8 PENNY CLOSE is 158m² according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 8 PENNY CLOSE lies on this distribution: 84% of detached houses houses are smaller than 8 PENNY CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Colchester.

8 PENNY CLOSE: Plot and Title Map

8 PENNY CLOSE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 8 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 8 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 8 PENNY CLOSE?

8 PENNY CLOSE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 8 on PENNY CLOSE.