31, THE LANE, WEST MERSEA, COLCHESTER, CO5 8NT - £1,600,000

31 THE LANE is a very large extended detached house of 448m², built sometime between 2003 and 2006. It was last sold for £1,600,000 in June 2014, which was around 406% above the average June 2014 detached price in the Colchester local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

31 THE LANE Sold Prices

Land registry data shows two sales for 31 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. Both of the two 31 THE LANE sales were for above 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
2014 27 JUN	£1,600,000	£316,435	406% above HPI
2002 27 JUN	£410,000	£190,467	115% above HPI

31 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 31 THE LANE sales from June 2002 and June 2014 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 June 2002 sale was for 115% above the HPI. So the extrapolation line tracks at 115% above the HPI over time, until the June 2014 sale, where it rises to 406% above the HPI. The line then continues to track at 406% above the HPI.

How Large is 31 THE LANE?

31 THE LANE is 448m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the largest 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 31 THE LANE lies on this distribution: More than 99% of detached houses are smaller than 31 THE LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

31 THE LANE: Plot and Title Map

31 THE LANE sits on a plot of roughly 1.2 acres, or 4,992m². The below map shows the location of 31 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 31 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 31 THE LANE?

31 THE LANE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 31 on THE LANE.