4, MELROSE ROAD, WEST MERSEA, COLCHESTER, CO5 8JB - £324,000

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

4 MELROSE ROAD is a very small extended detached house of 73m², built sometime between 1930 and 1949. It was last sold for £324,000 in August 2018, which was around 26% below the average August 2018 detached price in the Colchester local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

4 MELROSE ROAD Sold Prices

Land registry data shows two sales for 4 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 4 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
2018 9 AUG	£324,000	£436,122	26% below HPI
2014 22 OCT	£247,000	£333,306	26% below HPI

4 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 4 MELROSE ROAD sales from October 2014 and August 2018 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 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2018 sale, which was also at 26% below the HPI.

How Large is 4 MELROSE ROAD?

4 MELROSE ROAD is 73m², which includes one extension, according to the EPC inspection conducted in March 2017. 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 4 MELROSE ROAD lies on this distribution: 10% of detached houses are smaller than 4 MELROSE ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

4 MELROSE ROAD: Plot and Title Map

4 MELROSE ROAD sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 4 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 4 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 4 MELROSE ROAD?

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