7, CROSS WAY, WEST MERSEA, COLCHESTER, CO5 8HW - £417,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 CROSS WAY is a small extended detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £428,209. It was last sold for £417,500 in June 2024, which was around 16% below the average June 2024 detached price in the Colchester local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

7 CROSS WAY Sold Prices

Land registry data shows three sales for 7 CROSS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 7 CROSS WAY 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
2024 14 JUN	£417,500	£495,873	16% below HPI
2021 10 DEC	£365,000	£484,741	25% below HPI
2018 26 JAN	£316,500	£433,939	27% below HPI

7 CROSS WAY 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 three 7 CROSS WAY sales between January 2018 and June 2024 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 2021 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 7 CROSS WAY be worth now?

7 CROSS WAY might now be worth an estimated £428,209.

This is based on house price inflation of 2.6%, between June 2024 and December 2024, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.6% inflationary increase is applied to the most recent sale price for 7 CROSS WAY of £417,500 on 14th June 2024. For the value to have increased from £417,500 to £428,209 over the six months to December 2024, the following assumptions must hold true:

• The value of 7 CROSS WAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2024 sale price of £417,500 represented a fair market value for the property.
• The size, condition, and specification of 7 CROSS WAY has not materially changed since June 2024.

How Large is 7 CROSS WAY?

7 CROSS WAY is 85m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 7 CROSS WAY lies on this distribution: 20% of detached houses houses are smaller than 7 CROSS WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

7 CROSS WAY: Plot and Title Map

7 CROSS WAY sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 7 CROSS WAY, 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 7 CROSS WAY). 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 7 CROSS WAY?

7 CROSS WAY is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 7 on CROSS WAY.