3, FIVE GABLES CHASE, WEST MERSEA, COLCHESTER, CO5 8GS - £360,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 FIVE GABLES CHASE is a midsized detached house of 121m², built sometime between 1996 and 2002. It was last sold for £360,000 in November 2007, which was around 18% above the average November 2007 detached price in the Colchester local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

3 FIVE GABLES CHASE Sold Prices

Land registry data shows two sales for 3 FIVE GABLES CHASE 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 FIVE GABLES CHASE 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
2007 16 NOV	£360,000	£304,514	18% above HPI
2002 1 MAY	£225,000	£188,108	20% above HPI

3 FIVE GABLES CHASE 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 FIVE GABLES CHASE sales from May 2002 and November 2007 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 2002 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the November 2007 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 3 FIVE GABLES CHASE be worth now?

3 FIVE GABLES CHASE might now be worth an estimated £601,263.

This is based on house price inflation of 67%, between November 2007 and December 2024, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67% inflationary increase is applied to the most recent sale price for 3 FIVE GABLES CHASE of £360,000 on 16th November 2007. For the value to have increased from £360,000 to £601,263 over the sixteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 FIVE GABLES CHASE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2007 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FIVE GABLES CHASE has not materially changed since November 2007.

How Large is 3 FIVE GABLES CHASE?

3 FIVE GABLES CHASE is 121m² according to the EPC inspection conducted in September 2013. This puts it in the largest 50% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 3 FIVE GABLES CHASE lies on this distribution: 56% of detached houses houses are smaller than 3 FIVE GABLES CHASE, and 44% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 FIVE GABLES CHASE: Plot and Title Map

3 FIVE GABLES CHASE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 3 FIVE GABLES CHASE, 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 FIVE GABLES CHASE). 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 FIVE GABLES CHASE?

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