12, MILL ROAD, WEST MERSEA, COLCHESTER, CO5 8RH - £310,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 MILL ROAD is a very large extended detached house of 173m², built sometime between 1950 and 1966. It was last sold for £310,000 in August 2015, which was around 12% below the average August 2015 detached price in the Colchester local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

12 MILL ROAD Sold Prices

Land registry data shows three sales for 12 MILL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Two of the three 12 MILL ROAD sales were for below the average price, whilst one was 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
2015 21 AUG	£310,000	£352,908	12% below HPI
2009 26 MAY	£310,000	£230,428	35% above HPI
2007 4 JUL	£249,999	£303,833	18% below HPI

12 MILL ROAD 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 three 12 MILL ROAD sales between July 2007 and August 2015 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 May 2009 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the August 2015 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 12 MILL ROAD?

12 MILL ROAD is 173m², which includes two extensions, according to the EPC inspection conducted in October 2008. This puts it in the largest 20% 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 12 MILL ROAD lies on this distribution: 85% of detached houses are smaller than 12 MILL ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

12 MILL ROAD: Plot and Title Map

12 MILL ROAD sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 12 MILL ROAD, 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 12 MILL ROAD). 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 12 MILL ROAD?

12 MILL ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 12 on MILL ROAD.