18, SHEARS CRESCENT, WEST MERSEA, COLCHESTER, CO5 8AR - £515,000

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

18 SHEARS CRESCENT is a large extended detached house of 149m², built sometime between 1967 and 1975. It was last sold for £515,000 in April 2021, which was around 18% above the average April 2021 detached price in the Colchester local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

18 SHEARS CRESCENT Sold Prices

Land registry data shows two sales for 18 SHEARS CRESCENT 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 18 SHEARS CRESCENT 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
2021 28 APR	£515,000	£436,072	18% above HPI
1997 18 APR	£95,000	£93,153	2% above HPI

18 SHEARS CRESCENT 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 18 SHEARS CRESCENT sales from April 1997 and April 2021 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 April 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 18 SHEARS CRESCENT?

18 SHEARS CRESCENT is 149m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% 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 18 SHEARS CRESCENT lies on this distribution: 74% of detached houses are smaller than 18 SHEARS CRESCENT, and 25% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

18 SHEARS CRESCENT: Plot and Title Map

18 SHEARS CRESCENT sits on a plot of roughly 0.181 of an acre, or 731m². The below map shows the location of 18 SHEARS CRESCENT, 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 18 SHEARS CRESCENT). 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 18 SHEARS CRESCENT?

18 SHEARS CRESCENT is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 18 on SHEARS CRESCENT.