15, FIRS CHASE, WEST MERSEA, COLCHESTER, CO5 8NG - £1,200,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 FIRS CHASE is a very large extended detached house of 300m², built sometime before 1900. It was last sold for £1,200,000 in November 2023, which was around 140% above the average November 2023 detached price in the Colchester local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

15 FIRS CHASE Sold Prices

Land registry data shows three sales for 15 FIRS CHASE 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. All of the three 15 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
2023 21 NOV	£1,200,000	£500,244	140% above HPI
2021 29 MAR	£1,070,000	£439,829	143% above HPI
2014 30 JUN	£500,000	£317,304	58% above HPI

15 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 three 15 FIRS CHASE sales between June 2014 and November 2023 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 March 2021 sale was for 143% above the HPI. So the extrapolation line tracks at 143% above the HPI over time, until the November 2023 sale, where it falls to 140% above the HPI. The line then continues to track at 140% above the HPI.

What might 15 FIRS CHASE be worth now?

15 FIRS CHASE might now be worth an estimated £1,220,025.

This is based on house price inflation of 1.7%, between November 2023 and December 2024, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.7% inflationary increase is applied to the most recent sale price for 15 FIRS CHASE of £1,200,000 on 21st November 2023. For the value to have increased from £1,200,000 to £1,220,025 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 15 FIRS CHASE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2023 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of 15 FIRS CHASE has not materially changed since November 2023.

How Large is 15 FIRS CHASE?

15 FIRS CHASE is 300m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 15 FIRS CHASE lies on this distribution: 99% of detached houses houses are smaller than 15 FIRS CHASE, and 1% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

15 FIRS CHASE: Plot and Title Map

15 FIRS CHASE sits on a plot of roughly 0.758 of an acre, or 3,069m². The below map shows the location of 15 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 15 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 15 FIRS CHASE?

15 FIRS CHASE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 15 on FIRS CHASE.