22, MELROSE ROAD, WEST MERSEA, COLCHESTER, CO5 8JB - £585,000

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

22 MELROSE ROAD is a very large extended detached house of 179m², built sometime between 1930 and 1949. It was last sold for £585,000 in December 2015, which was around 57% above the average December 2015 detached price in the Colchester local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

22 MELROSE ROAD Sold Prices

Land registry data shows three sales for 22 MELROSE ROAD 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 22 MELROSE ROAD 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
2015 11 DEC	£585,000	£371,789	57% above HPI
2008 14 MAR	£417,000	£303,907	37% above HPI
2004 17 DEC	£359,000	£265,516	35% above HPI

22 MELROSE ROAD 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 22 MELROSE ROAD sales between December 2004 and December 2015 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 2008 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the December 2015 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is 22 MELROSE ROAD?

22 MELROSE ROAD is 179m², which includes three extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 20% 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 22 MELROSE ROAD lies on this distribution: 87% of detached houses are smaller than 22 MELROSE ROAD, and 13% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

22 MELROSE ROAD: Plot and Title Map

22 MELROSE ROAD sits on a plot of roughly 0.260 of an acre, or 1,051m². The below map shows the location of 22 MELROSE ROAD, 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 22 MELROSE ROAD). 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 22 MELROSE ROAD?

22 MELROSE ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 22 on MELROSE ROAD.