8, MELROSE ROAD, WEST MERSEA, COLCHESTER, CO5 8JB - £200,000

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

8 MELROSE ROAD is a very small extended detached house of 61m², built sometime between 1900 and 1929. It was last sold for £200,000 in July 2015, which was around 43% below the average July 2015 detached price in the Colchester local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

8 MELROSE ROAD Sold Prices

Land registry data shows four sales for 8 MELROSE 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 8 MELROSE 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
2015 28 JUL	£200,000	£349,277	43% below HPI
2000 15 DEC	£78,500	£152,284	48% below HPI
1997 3 OCT	£56,000	£99,892	44% below HPI
1995 10 NOV	£41,500	£87,937	53% below HPI

8 MELROSE 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 8 MELROSE ROAD sales between November 1995 and July 2015 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 2000 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the July 2015 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 8 MELROSE ROAD?

8 MELROSE ROAD is 61m², which includes three extensions, according to the EPC inspection conducted in July 2014. 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 8 MELROSE ROAD lies on this distribution: 2% of detached houses are smaller than 8 MELROSE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

8 MELROSE ROAD: Plot and Title Map

8 MELROSE ROAD sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 8 MELROSE 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 8 MELROSE 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 8 MELROSE ROAD?

8 MELROSE ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 8 on MELROSE ROAD.