3, EAST ROAD, WEST MERSEA, COLCHESTER, CO5 8EB - £232,500

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

3 EAST ROAD is a small extended detached house of 88m², built sometime between 1930 and 1949. It was last sold for £232,500 in October 2009, which was around 13% below the average October 2009 detached price in the Colchester local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was D.

3 EAST ROAD Sold Prices

Land registry data shows three sales for 3 EAST ROAD 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 3 EAST 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
2009 23 OCT	£232,500	£266,955	13% below HPI
2007 25 MAY	£245,000	£295,774	17% below HPI
1998 13 NOV	£72,000	£112,369	36% below HPI

3 EAST 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 three 3 EAST ROAD sales between November 1998 and October 2009 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 May 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2009 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 3 EAST ROAD?

3 EAST ROAD is 88m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 30% 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 EAST ROAD lies on this distribution: 24% of detached houses are smaller than 3 EAST ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 EAST ROAD: Plot and Title Map

3 EAST ROAD sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 3 EAST 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 3 EAST 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 3 EAST ROAD?

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