3, CROSS LANE, WEST MERSEA, COLCHESTER, CO5 8HN - £600,000

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

3 CROSS LANE is a very large detached house of 162m², built sometime between 1991 and 1995. It was last sold for £600,000 in October 2019, which was around 39% above the average October 2019 detached price in the Colchester local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was D.

3 CROSS LANE Sold Prices

Land registry data shows two sales for 3 CROSS 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 3 CROSS 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
2019 22 OCT	£600,000	£431,930	39% above HPI
1998 15 APR	£220,000	£107,269	105% above HPI

3 CROSS 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 3 CROSS LANE sales from April 1998 and October 2019 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 1998 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the October 2019 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 3 CROSS LANE?

3 CROSS LANE is 162m² according to the EPC inspection conducted in November 2018. 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 3 CROSS LANE lies on this distribution: 80% of detached houses are smaller than 3 CROSS LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 CROSS LANE: Plot and Title Map

3 CROSS LANE sits on a plot of roughly 0.203 of an acre, or 821m². The below map shows the location of 3 CROSS 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 3 CROSS 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 3 CROSS LANE?

3 CROSS LANE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 3 on CROSS LANE.