5, FARRIERS CHASE, WEST MERSEA, COLCHESTER, CO5 8BE - £612,500

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

5 FARRIERS CHASE is a midsized detached house of 120m², built sometime between 1996 and 2002. It was last sold for £612,500 in January 2022, which was around 26% above the average January 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

5 FARRIERS CHASE Sold Prices

Land registry data shows two sales for 5 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 5 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
2022 31 JAN	£612,500	£486,631	26% above HPI
2002 11 JAN	£230,000	£177,707	29% above HPI

5 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 5 FARRIERS CHASE sales from January 2002 and January 2022 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 January 2002 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the January 2022 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 5 FARRIERS CHASE?

5 FARRIERS CHASE is 120m² according to the EPC inspection conducted in May 2021. 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 5 FARRIERS CHASE lies on this distribution: 55% of detached houses are smaller than 5 FARRIERS CHASE, and 44% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

5 FARRIERS CHASE: Plot and Title Map

5 FARRIERS CHASE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 5 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 5 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 5 FARRIERS CHASE?

5 FARRIERS CHASE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 5 on FARRIERS CHASE.