FLAT, 2, MILL ROAD, WEST MERSEA, COLCHESTER, CO5 8RH - £235,000

FLAT is a very small detached house of 49m², built sometime between 1900 and 1929. It was last sold for £235,000 in November 2015, which was around 37% below the average November 2015 detached price in the Colchester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was C.

FLAT Sold Prices

Land registry data shows two sales for FLAT 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 FLAT 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 27 NOV	£235,000	£370,392	37% below HPI
2002 31 JUL	£140,000	£200,250	30% below HPI

FLAT 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 FLAT sales from July 2002 and November 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 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2015 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is FLAT?

FLAT is 49m² according to the EPC inspection conducted in February 2015. 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 FLAT lies on this distribution: Less than 1% of detached houses are smaller than FLAT, and more than 99% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

FLAT: Plot and Title Map

FLAT sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of FLAT, 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 FLAT). 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 FLAT?

FLAT, 2 MILL ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 2 on MILL ROAD.