3, KINGSMERE CLOSE, WEST MERSEA, COLCHESTER, CO5 8AF - £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

3 KINGSMERE CLOSE is a small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £465,000 in July 2023, which was around 8% below the average July 2023 detached price in the Colchester local authority area. The most recent EPC inspection was September 2013, where the current energy rating was B, and the potential energy rating was A.

3 KINGSMERE CLOSE Sold Prices

Land registry data shows four sales for 3 KINGSMERE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 3 KINGSMERE CLOSE 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
2023 31 JUL	£465,000	£503,500	8% below HPI
2019 16 AUG	£307,000	£440,286	30% below HPI
2002 17 JUL	£155,000	£200,250	23% below HPI
1998 4 JUN	£78,000	£109,390	29% below HPI

3 KINGSMERE CLOSE 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 four 3 KINGSMERE CLOSE sales between June 1998 and July 2023 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 August 2019 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 3 KINGSMERE CLOSE?

3 KINGSMERE CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in September 2013. 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 KINGSMERE CLOSE lies on this distribution: 24% of detached houses are smaller than 3 KINGSMERE CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 KINGSMERE CLOSE: Plot and Title Map

3 KINGSMERE CLOSE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 3 KINGSMERE CLOSE, 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 KINGSMERE CLOSE). 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 KINGSMERE CLOSE?

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