MERIDA, LUCY LANE NORTH, STANWAY, COLCHESTER, CO3 0JQ - £224,000

MERIDA is a large extended detached house of 142m², built sometime between 1900 and 1929. It was last sold for £224,000 in August 2010, which was around 21% below the average August 2010 detached price in the Colchester local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

MERIDA Sold Prices

Land registry data shows three sales for MERIDA 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 MERIDA 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
2010 16 AUG	£224,000	£284,644	21% below HPI
1998 31 MAR	£78,000	£105,713	26% below HPI
1997 7 NOV	£49,000	£99,958	51% below HPI

MERIDA 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 MERIDA sales between November 1997 and August 2010 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 March 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2010 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is MERIDA?

MERIDA is 142m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the largest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where MERIDA lies on this distribution: 76% of detached houses are smaller than MERIDA, and 24% of houses are larger. Note that EPC data is not available for all properties in Colchester.

MERIDA: Plot and Title Map

MERIDA sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of MERIDA, 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 MERIDA). 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 MERIDA?

MERIDA is located on LUCY LANE NORTH in STANWAY, in the CO3 postcode district. The below map shows the position of MERIDA on LUCY LANE NORTH.