2, IRIS CLOSE, COLCHESTER, CO4 6BF - £345,800

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 IRIS CLOSE is a midsized detached house of 113m², built in 2018, which could now be worth an estimated £381,062. It was last sold for £345,800 in August 2021, which was around 24% below the average August 2021 detached price in the Colchester local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was A.

2 IRIS CLOSE Sold Prices

Land registry data shows one sale for 2 IRIS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Colchester local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 4 AUG	£345,800	£457,295	24% below HPI

What might 2 IRIS CLOSE be worth now?

2 IRIS CLOSE might now be worth an estimated £381,062.

This is based on house price inflation of 10.2%, between August 2021 and April 2026, 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 10.2% inflationary increase is applied to the most recent sale price for 2 IRIS CLOSE of £345,800 on 4th August 2021. For the value to have increased from £345,800 to £381,062 over the five years and four months to April 2026, the following assumptions must hold true:

• The value of 2 IRIS CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2021 sale price of £345,800 represented a fair market value for the property.
• The size, condition, and specification of 2 IRIS CLOSE has not materially changed since August 2021.

How Large is 2 IRIS CLOSE?

2 IRIS CLOSE is 113m² according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 IRIS CLOSE lies on this distribution: 51% of detached houses are smaller than 2 IRIS CLOSE, and 48% of detached houses are larger. Note that EPC data is not available for all properties in Colchester.

2 IRIS CLOSE: Plot

2 IRIS CLOSE sits on a plot of roughly 0.074 of an acre, or 299m².

Where is 2 IRIS CLOSE?

2 IRIS CLOSE is located in COLCHESTER, in the CO4 postcode district.