23, SHEARS CRESCENT, WEST MERSEA, COLCHESTER, CO5 8AR - £345,000

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

23 SHEARS CRESCENT is a small detached house of 98m², built sometime between 1983 and 1990. It was last sold for £345,000 in April 2016, which was around 8% below the average April 2016 detached price in the Colchester local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

23 SHEARS CRESCENT Sold Prices

Land registry data shows four sales for 23 SHEARS CRESCENT 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. Most of the four 23 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
2016 4 APR	£345,000	£375,677	8% below HPI
2002 12 SEP	£220,000	£215,184	2% above HPI
2001 10 DEC	£185,000	£176,343	5% above HPI
1998 27 APR	£110,000	£107,269	3% above HPI

23 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 four 23 SHEARS CRESCENT sales between April 1998 and April 2016 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 September 2002 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 23 SHEARS CRESCENT?

23 SHEARS CRESCENT is 98m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 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 23 SHEARS CRESCENT lies on this distribution: 34% of detached houses are smaller than 23 SHEARS CRESCENT, and 66% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

23 SHEARS CRESCENT: Plot and Title Map

23 SHEARS CRESCENT sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 23 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 23 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 23 SHEARS CRESCENT?

23 SHEARS CRESCENT is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 23 on SHEARS CRESCENT.