2, PINE GROVE, WEST MERSEA, COLCHESTER, CO5 8PZ - £421,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PINE GROVE is a very small detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £415,220. It was last sold for £421,000 in November 2024, which was around 17% below the average November 2024 detached price in the Colchester local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

2 PINE GROVE Sold Prices

Land registry data shows four sales for 2 PINE GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 2 PINE GROVE 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
2024 28 NOV	£421,000	£509,233	17% below HPI
2015 30 JAN	£272,000	£333,919	19% below HPI
2012 15 NOV	£214,000	£288,637	26% below HPI
2001 15 MAR	£95,000	£151,608	37% below HPI

2 PINE GROVE 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 four 2 PINE GROVE sales between March 2001 and November 2024 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 January 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 PINE GROVE be worth now?

2 PINE GROVE might now be worth an estimated £415,220.

This is based on house price deflation of 1.4%, between November 2024 and February 2025, 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 1.4% deflationary decrease is applied to the most recent sale price for 2 PINE GROVE of £421,000 on 28th November 2024. For the value to have decreased from £421,000 to £415,220 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 2 PINE GROVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2024 sale price of £421,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PINE GROVE has not materially changed since November 2024.

How Large is 2 PINE GROVE?

2 PINE GROVE is 72m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 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 2 PINE GROVE lies on this distribution: 9% of detached houses houses are smaller than 2 PINE GROVE, and 90% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

2 PINE GROVE: Plot and Title Map

2 PINE GROVE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 2 PINE GROVE, 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 2 PINE GROVE). 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 2 PINE GROVE?

2 PINE GROVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 2 on PINE GROVE.