31A, THE LANE, WEST MERSEA, COLCHESTER, CO5 8NT - £500,000

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

31A THE LANE is a large detached house of 138m², built sometime between 1996 and 2002. It was last sold for £500,000 in February 2024, which was around 1% above the average February 2024 detached price in the Colchester local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

31A THE LANE Sold Prices

Land registry data shows three sales for 31A THE LANE 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 31A THE 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
2024 13 FEB	£500,000	£493,872	1% above HPI
2012 17 FEB	£360,000	£283,490	27% above HPI
2000 17 NOV	£185,000	£151,538	22% above HPI

31A THE 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 three 31A THE LANE sales between November 2000 and February 2024 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 February 2012 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the February 2024 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 31A THE LANE?

31A THE LANE is 138m² according to the EPC inspection conducted in November 2011. This puts it in the largest 40% 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 31A THE LANE lies on this distribution: 68% of detached houses are smaller than 31A THE LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

31A THE LANE: Plot and Title Map

31A THE LANE sits on a plot of roughly 0.248 of an acre, or 1,003m². The below map shows the location of 31A THE 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 31A THE 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 31A THE LANE?

31A THE LANE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 31A on THE LANE.