15, THE LANE, WEST MERSEA, COLCHESTER, CO5 8NT - £387,500

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

15 THE LANE is a large extended detached house of 136m², built sometime between 1900 and 1929. It was last sold for £387,500 in September 2019, which was around 12% below the average September 2019 detached price in the Colchester local authority area. The most recent EPC inspection was May 2018, where the current energy rating was F, and the potential energy rating was B.

15 THE LANE Sold Prices

Land registry data shows two sales for 15 THE LANE 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. One of the two 15 THE LANE sales was for below the average price, whilst the other 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
2019 4 SEP	£387,500	£442,036	12% below HPI
2002 28 MAR	£217,500	£181,389	20% above HPI

15 THE LANE 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 15 THE LANE sales from March 2002 and September 2019 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 2002 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 15 THE LANE?

15 THE LANE is 136m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 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 15 THE LANE lies on this distribution: 67% of detached houses are smaller than 15 THE LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

15 THE LANE: Plot and Title Map

15 THE LANE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 15 THE LANE, 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 THE LANE). 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 THE LANE?

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