38, EAST ROAD, WEST MERSEA, COLCHESTER, CO5 8EP - £340,000

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

38 EAST ROAD is a midsized detached house of 117m², built sometime between 1976 and 1982. It was last sold for £340,000 in June 2014, which was around 7% above the average June 2014 detached price in the Colchester local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

38 EAST ROAD Sold Prices

Land registry data shows two sales for 38 EAST 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 38 EAST ROAD 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
2014 13 JUN	£340,000	£316,435	7% above HPI
2001 2 MAY	£158,000	£156,204	1% above HPI

38 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 two 38 EAST ROAD sales from May 2001 and June 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 May 2001 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2014 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 38 EAST ROAD?

38 EAST ROAD is 117m² according to the EPC inspection conducted in June 2009. This puts it in the largest 50% 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 38 EAST ROAD lies on this distribution: 53% of detached houses are smaller than 38 EAST ROAD, and 47% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

38 EAST ROAD: Plot and Title Map

38 EAST ROAD sits on a plot of roughly 0.133 of an acre, or 539m². The below map shows the location of 38 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 38 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 38 EAST ROAD?

38 EAST ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 38 on EAST ROAD.