42, MELROSE ROAD, WEST MERSEA, COLCHESTER, CO5 8JA - £280,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

42 MELROSE ROAD is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £280,000 in October 2020, which was around 38% below the average October 2020 detached price in the Colchester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

42 MELROSE ROAD Sold Prices

Land registry data shows two sales for 42 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 42 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
2020 30 OCT	£280,000	£449,794	38% below HPI
1996 20 DEC	£58,000	£91,325	36% below HPI

42 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 42 MELROSE ROAD sales from December 1996 and October 2020 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 December 1996 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 42 MELROSE ROAD?

42 MELROSE ROAD is 71m² according to the EPC inspection conducted in February 2015. 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 42 MELROSE ROAD lies on this distribution: 9% of detached houses are smaller than 42 MELROSE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

42 MELROSE ROAD: Plot and Title Map

42 MELROSE ROAD sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 42 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 42 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 42 MELROSE ROAD?

42 MELROSE ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 42 on MELROSE ROAD.