8, THE LANE, WEST MERSEA, COLCHESTER, CO5 8NT - £505,000

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 THE LANE is a small extended detached house of 101m², built sometime between 1900 and 1929. It was last sold for £505,000 in September 2015, which was around 39% above the average September 2015 detached price in the Colchester local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was C.

8 THE LANE Sold Prices

Land registry data shows two sales for 8 THE LANE 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. One of the two 8 THE LANE sales was for above the average price, whilst the other was 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 1 SEP	£505,000	£362,538	39% above HPI
1997 14 JUL	£67,500	£98,262	31% below HPI

8 THE LANE 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 8 THE LANE sales from July 1997 and September 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 July 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2015 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 8 THE LANE?

8 THE LANE is 101m², which includes three extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% 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 THE LANE lies on this distribution: 36% of detached houses are smaller than 8 THE LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

8 THE LANE: Plot and Title Map

8 THE LANE sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 8 THE LANE, 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 THE LANE). 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 THE LANE?

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