37, MELROSE ROAD, WEST MERSEA, COLCHESTER, CO5 8JA - £225,000

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

37 MELROSE ROAD is a very small detached house of 64m², built sometime between 1930 and 1949. It was last sold for £225,000 in March 2014, which was around 28% below the average March 2014 detached price in the Colchester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

37 MELROSE ROAD Sold Prices

Land registry data shows two sales for 37 MELROSE ROAD 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 37 MELROSE 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
2014 25 MAR	£225,000	£311,614	28% below HPI
2011 23 NOV	£200,000	£285,979	30% below HPI

37 MELROSE 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 two 37 MELROSE ROAD sales from November 2011 and March 2014 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 November 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2014 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 37 MELROSE ROAD?

37 MELROSE ROAD is 64m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% 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 37 MELROSE ROAD lies on this distribution: 3% of detached houses are smaller than 37 MELROSE ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

37 MELROSE ROAD: Plot and Title Map

37 MELROSE ROAD sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 37 MELROSE 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 37 MELROSE 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 37 MELROSE ROAD?

37 MELROSE ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 37 on MELROSE ROAD.