14, SPRUCE CLOSE, WEST MERSEA, COLCHESTER, CO5 8PU - £270,000

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

14 SPRUCE CLOSE is a small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £270,000 in October 2014, which was around 19% below the average October 2014 detached price in the Colchester local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

14 SPRUCE CLOSE Sold Prices

Land registry data shows two sales for 14 SPRUCE CLOSE 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 SPRUCE CLOSE 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
2014 10 OCT	£270,000	£333,306	19% below HPI
2013 11 JUN	£165,000	£288,622	43% below HPI

14 SPRUCE CLOSE 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 SPRUCE CLOSE sales from June 2013 and October 2014 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 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2014 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 14 SPRUCE CLOSE?

14 SPRUCE CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% 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 SPRUCE CLOSE lies on this distribution: 37% of detached houses are smaller than 14 SPRUCE CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

14 SPRUCE CLOSE: Plot and Title Map

14 SPRUCE CLOSE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 14 SPRUCE CLOSE, 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 SPRUCE CLOSE). 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 SPRUCE CLOSE?

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