44, MELROSE ROAD, WEST MERSEA, COLCHESTER, CO5 8JA - £470,000

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

44 MELROSE ROAD is a small detached house of 91m², built sometime between 1950 and 1966. It was last sold for £470,000 in September 2021, which was around 2% above the average September 2021 detached price in the Colchester local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

44 MELROSE ROAD Sold Prices

Land registry data shows two sales for 44 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. One of the two 44 MELROSE ROAD sales was for above the average price, whilst the other was 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
2021 30 SEP	£470,000	£462,560	2% above HPI
2011 4 FEB	£242,000	£282,105	14% below HPI

44 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 44 MELROSE ROAD sales from February 2011 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 February 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 44 MELROSE ROAD?

44 MELROSE ROAD is 91m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% 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 44 MELROSE ROAD lies on this distribution: 28% of detached houses are smaller than 44 MELROSE ROAD, and 71% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

44 MELROSE ROAD: Plot and Title Map

44 MELROSE ROAD sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 44 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 44 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 44 MELROSE ROAD?

44 MELROSE ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 44 on MELROSE ROAD.