5, THE COVERTS, WEST MERSEA, COLCHESTER, CO5 8AW - £189,000

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

5 THE COVERTS is a midsized extended detached house of 124m², built sometime between 1983 and 1990. It was last sold for £189,000 in February 2000, which was around 42% above the average February 2000 detached price in the Colchester local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

5 THE COVERTS Sold Prices

Land registry data shows two sales for 5 THE COVERTS 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 THE COVERTS 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
2000 2 FEB	£189,000	£133,281	42% above HPI
1998 23 APR	£147,500	£107,269	38% above HPI

5 THE COVERTS 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 THE COVERTS sales from April 1998 and February 2000 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 April 1998 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the February 2000 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 5 THE COVERTS?

5 THE COVERTS is 124m², which includes one extension, according to the EPC inspection conducted in March 2023. 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 THE COVERTS lies on this distribution: 58% of detached houses are smaller than 5 THE COVERTS, and 42% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

5 THE COVERTS: Plot and Title Map

5 THE COVERTS sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of 5 THE COVERTS, 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 THE COVERTS). 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 THE COVERTS?

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