29, THE LANE, WEST MERSEA, COLCHESTER, CO5 8NT - £465,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

29 THE LANE is a very large detached house of 165m², built sometime between 1983 and 1990. It was last sold for £465,000 in February 2015, which was around 39% above the average February 2015 detached price in the Colchester local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

29 THE LANE Sold Prices

Land registry data shows two sales for 29 THE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 29 THE LANE 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 10 FEB	£465,000	£334,760	39% above HPI
2004 12 JAN	£390,000	£245,575	59% above HPI

29 THE LANE 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 two 29 THE LANE sales from January 2004 and February 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 January 2004 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the February 2015 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 29 THE LANE?

29 THE LANE is 165m² according to the EPC inspection conducted in April 2011. 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 29 THE LANE lies on this distribution: 82% of detached houses are smaller than 29 THE LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

29 THE LANE: Plot and Title Map

29 THE LANE sits on a plot of roughly 0.277 of an acre, or 1,121m². The below map shows the location of 29 THE LANE, 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 29 THE LANE). 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 29 THE LANE?

29 THE LANE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 29 on THE LANE.