4, FARRIERS CHASE, WEST MERSEA, COLCHESTER, CO5 8BE - £640,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 FARRIERS CHASE is a very large detached house of 177m², built sometime between 1996 and 2002, which could now be worth an estimated £693,000. It was last sold for £640,000 in September 2021, which was around 38% above the average September 2021 detached price in the Colchester local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was C.

4 FARRIERS CHASE Sold Prices

Land registry data shows two sales for 4 FARRIERS 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 4 FARRIERS 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
2021 27 SEP	£640,000	£463,831	38% above HPI
2001 31 OCT	£250,000	£174,846	43% above HPI

4 FARRIERS 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 4 FARRIERS CHASE sales from October 2001 and September 2021 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 October 2001 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the September 2021 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 4 FARRIERS CHASE be worth now?

4 FARRIERS CHASE might now be worth an estimated £693,000.

This is based on house price inflation of 8.3%, between September 2021 and February 2025, 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 8.3% inflationary increase is applied to the most recent sale price for 4 FARRIERS CHASE of £640,000 on 27th September 2021. For the value to have increased from £640,000 to £693,000 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 FARRIERS CHASE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2021 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FARRIERS CHASE has not materially changed since September 2021.

How Large is 4 FARRIERS CHASE?

4 FARRIERS CHASE is 177m² according to the EPC inspection conducted in July 2018. This puts it in the largest 20% 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 4 FARRIERS CHASE lies on this distribution: 86% of detached houses houses are smaller than 4 FARRIERS CHASE, and 14% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

4 FARRIERS CHASE: Plot and Title Map

4 FARRIERS CHASE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 4 FARRIERS 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 4 FARRIERS 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 4 FARRIERS CHASE?

4 FARRIERS CHASE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 4 on FARRIERS CHASE.