14, MILL ROAD, WEST MERSEA, COLCHESTER, CO5 8RH - £180,000

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

14 MILL ROAD is a very small detached house of 73m², built sometime between 1930 and 1949. It was last sold for £180,000 in April 2012, which was around 36% below the average April 2012 detached price in the Colchester local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

14 MILL ROAD Sold Prices

Land registry data shows two sales for 14 MILL ROAD 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 14 MILL ROAD sales were for below 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
2012 12 APR	£180,000	£281,519	36% below HPI
1999 9 JUN	£71,950	£116,881	38% below HPI

14 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 two 14 MILL ROAD sales from June 1999 and April 2012 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 June 1999 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2012 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 14 MILL ROAD?

14 MILL ROAD is 73m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 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 14 MILL ROAD lies on this distribution: 10% of detached houses are smaller than 14 MILL ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

14 MILL ROAD: Plot and Title Map

14 MILL ROAD sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 14 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 14 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 14 MILL ROAD?

14 MILL ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 14 on MILL ROAD.