115, MERSEA ROAD, COLCHESTER, CO2 7RL - £232,000

115 MERSEA ROAD is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £232,000 in December 2015, which was around 38% below the average December 2015 detached price in the Colchester local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

115 MERSEA ROAD Sold Prices

Land registry data shows three sales for 115 MERSEA ROAD 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 115 MERSEA 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 21 DEC	£232,000	£371,789	38% below HPI
2013 12 JUL	£230,000	£289,834	21% below HPI
2007 21 NOV	£207,000	£303,680	32% below HPI

115 MERSEA 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 three 115 MERSEA ROAD sales between November 2007 and December 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 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2015 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 115 MERSEA ROAD?

115 MERSEA ROAD is 81m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 115 MERSEA ROAD lies on this distribution: 15% of detached houses are smaller than 115 MERSEA ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Colchester.

115 MERSEA ROAD: Plot and Title Map

115 MERSEA ROAD sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 115 MERSEA 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 115 MERSEA 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 115 MERSEA ROAD?

115 MERSEA ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 115 on MERSEA ROAD.