2A, MILL ROAD, WEST MERSEA, COLCHESTER, CO5 8RH - £240,000

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

2A MILL ROAD is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £240,000 in May 2016, which was around 37% below the average May 2016 detached price in the Colchester local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

2A MILL ROAD Sold Prices

Land registry data shows two sales for 2A MILL ROAD 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 2A MILL ROAD 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
2016 12 MAY	£240,000	£380,629	37% below HPI
2009 9 APR	£126,000	£228,501	45% below HPI

2A MILL 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 two 2A MILL ROAD sales from April 2009 and May 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 April 2009 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2016 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2A MILL ROAD?

2A MILL ROAD is 68m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% 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 2A MILL ROAD lies on this distribution: 7% of detached houses are smaller than 2A MILL ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

2A MILL ROAD: Plot and Title Map

2A MILL ROAD sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2A MILL 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 2A MILL 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 2A MILL ROAD?

2A MILL ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 2A on MILL ROAD.