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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). 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 53% 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	£435,030	53% above HPI
2003 3 JUL	£360,000	£236,514	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, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

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 in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 1 FIRS CHASE lies on this distribution: 79% of detached houses are smaller than 1 FIRS CHASE, and 20% 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.