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

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.

22 MELROSE ROAD is a very large extended detached house of 179m², built sometime between 1930 and 1949, which could now be worth an estimated £788,098. 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	£372,811	57% above HPI
2008 14 MAR	£417,000	£304,742	37% above HPI
2004 17 DEC	£359,000	£266,245	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.

What might 22 MELROSE ROAD be worth now?

22 MELROSE ROAD might now be worth an estimated £788,098.

This is based on house price inflation of 34.7%, between December 2015 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 34.7% inflationary increase is applied to the most recent sale price for 22 MELROSE ROAD of £585,000 on 11th December 2015. For the value to have increased from £585,000 to £788,098 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 22 MELROSE ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2015 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 22 MELROSE ROAD has not materially changed since December 2015.

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 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 22 MELROSE ROAD lies on this distribution: 87% of detached houses 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.