59, MILL ROAD, WEST MERSEA, COLCHESTER, CO5 8RL - £265,000

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

59 MILL ROAD is a very small detached house of 73m², built sometime between 1976 and 1982. It was last sold for £265,000 in September 2017, which was around 38% below the average September 2017 detached price in the Colchester local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

59 MILL ROAD Sold Prices

Land registry data shows four sales for 59 MILL ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 59 MILL 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
2017 8 SEP	£265,000	£429,380	38% below HPI
2016 29 FEB	£255,000	£374,739	32% below HPI
2005 22 JUL	£180,000	£268,859	33% below HPI
1999 17 SEP	£95,000	£123,279	23% below HPI

59 MILL 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 four 59 MILL ROAD sales between September 1999 and September 2017 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 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2017 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 59 MILL ROAD?

59 MILL ROAD is 73m² according to the EPC inspection conducted in December 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 59 MILL ROAD lies on this distribution: 10% of detached houses are smaller than 59 MILL ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

59 MILL ROAD: Plot and Title Map

59 MILL ROAD sits on a plot of roughly 0.182 of an acre, or 735m². The below map shows the location of 59 MILL 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 59 MILL 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 59 MILL ROAD?

59 MILL ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 59 on MILL ROAD.