14, STABLE CLOSE, WEST MERSEA, COLCHESTER, CO5 8HP - £310,000

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 STABLE CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £310,000 in May 2017, which was around 26% below the average May 2017 detached price in the Colchester local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

14 STABLE CLOSE Sold Prices

Land registry data shows two sales for 14 STABLE 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 STABLE 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
2017 12 MAY	£310,000	£416,527	26% below HPI
2004 13 MAY	£194,000	£255,311	24% below HPI

14 STABLE 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 STABLE CLOSE sales from May 2004 and May 2017 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 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 14 STABLE CLOSE?

14 STABLE CLOSE is 70m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% 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 STABLE CLOSE lies on this distribution: 8% of detached houses are smaller than 14 STABLE CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

14 STABLE CLOSE: Plot and Title Map

14 STABLE CLOSE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 14 STABLE 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 STABLE 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 STABLE CLOSE?

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