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

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

7 CROSS WAY is a small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £417,500 in June 2024, which was around 17% 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	£500,590	17% below HPI
2021 10 DEC	£365,000	£483,413	24% below HPI
2018 26 JAN	£316,500	£432,750	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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 7 CROSS WAY lies on this distribution: 20% of detached 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.