1, FIRS CHASE, WEST MERSEA, COLCHESTER, CO5 8ND - £665,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 FIRS CHASE is a large extended detached house of 160m², built sometime between 1900 and 1929. It was last sold for £665,000 in February 2018, which was around 52% above the average February 2018 detached price in the Colchester local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

1 FIRS CHASE Sold Prices

Land registry data shows two sales for 1 FIRS CHASE 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 FIRS CHASE 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
2018 16 FEB	£665,000	£436,225	52% above HPI
2003 3 JUL	£360,000	£237,164	52% above HPI

1 FIRS CHASE 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 FIRS CHASE sales from July 2003 and February 2018 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 July 2003 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the February 2018 sale, which was also at 52% above the HPI.

What might 1 FIRS CHASE be worth now?

1 FIRS CHASE might now be worth an estimated £775,319.

This is based on house price inflation of 16.6%, between February 2018 and December 2024, 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 16.6% inflationary increase is applied to the most recent sale price for 1 FIRS CHASE of £665,000 on 16th February 2018. For the value to have increased from £665,000 to £775,319 over the five years and two months to December 2024, the following assumptions must hold true:

• The value of 1 FIRS CHASE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2018 sale price of £665,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FIRS CHASE has not materially changed since February 2018.

How Large is 1 FIRS CHASE?

1 FIRS CHASE is 160m², which includes three extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 1 FIRS CHASE lies on this distribution: 79% of detached houses houses are smaller than 1 FIRS CHASE, and 21% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

1 FIRS CHASE: Plot and Title Map

1 FIRS CHASE sits on a plot of roughly 0.207 of an acre, or 836m². The below map shows the location of 1 FIRS CHASE, 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 FIRS CHASE). 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 FIRS CHASE?

1 FIRS CHASE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 1 on FIRS CHASE.