24, SPRUCE CLOSE, WEST MERSEA, COLCHESTER, CO5 8PU - £331,500

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

24 SPRUCE CLOSE is a very small extended detached house of 84m², built sometime between 1976 and 1982. It was last sold for £331,500 in December 2020, which was around 27% below the average December 2020 detached price in the Colchester local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

24 SPRUCE CLOSE Sold Prices

Land registry data shows three sales for 24 SPRUCE CLOSE 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 24 SPRUCE CLOSE 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
2020 8 DEC	£331,500	£456,805	27% below HPI
2016 25 NOV	£315,000	£409,775	23% below HPI
1995 12 JUL	£69,000	£89,895	23% below HPI

24 SPRUCE CLOSE 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 24 SPRUCE CLOSE sales between July 1995 and December 2020 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 November 2016 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 24 SPRUCE CLOSE?

24 SPRUCE CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 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 24 SPRUCE CLOSE lies on this distribution: 19% of detached houses are smaller than 24 SPRUCE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

24 SPRUCE CLOSE: Plot and Title Map

24 SPRUCE CLOSE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 24 SPRUCE CLOSE, 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 24 SPRUCE CLOSE). 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 24 SPRUCE CLOSE?

24 SPRUCE CLOSE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 24 on SPRUCE CLOSE.