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West Mersea House Prices West Mersea House Prices

The average house price in West Mersea is £497,666 using HM Land Registry data.

The average property price increased by £106,695 (28.04%) over the last 5 years and increased by £21,324 (4.58%) over the last 12 months.

Over the last year, there were 64 residential property sales – a decrease of 33 transactions (-51.56%) relative to the previous year. The majority of house sales (16) were in the £298,000 - £386,000 range. Then came properties in the £386,000 - £474,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,805 (-3%).

In April 2024, there were 44 new estate agency instructions, 15 agreed home sales and 29 property price reductions.

Postcodes Covered: CO5

5-Year Average Property Prices in West Mersea

28.04%

Property prices in West Mersea increased by 28.04% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in West Mersea Over the Last Year

4.58%

Property prices in West Mersea increased by 4.58% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for West Mersea - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in West Mersea

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in West Mersea

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in West Mersea

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the West Mersea since 1995

Using HM Land Registry data, this chart displays average annual house prices in the West Mersea area since 1995.

Recent Property Sales in West Mersea

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
38 Chatsworth Road, West Mersea, Colchester, Essex, CO5 8RF£250,000£250,000£0027 Oct 202331 Jan 202496 Days
57 High Street North, West Mersea, Colchester, Essex, CO5 8JY£475,000£465,000-£10,00018 Aug 202331 Jan 2024166 Days
18 Prince Albert Road, West Mersea, Colchester, Essex, CO5 8AN£700,000£650,000-£50,00001 Jun 202319 Dec 2023201 Days
14 Trinity Close, West Mersea, Colchester, Essex, CO5 8RW£345,000£335,000-£10,00017 Jul 202323 Nov 2023129 Days
123 East Road, West Mersea, Colchester, Essex, CO5 8SA£435,000£430,000-£5,00016 Jan 202320 Nov 2023308 Days
22 Whittaker Way, West Mersea, Colchester, Essex, CO5 8LB£375,000£344,000-£31,00005 Jul 202327 Oct 2023114 Days
6 Elmwood Drive, West Mersea, Colchester, Essex, CO5 8RD£385,000£362,500-£22,50028 Apr 202312 Oct 2023167 Days
Flat 13, Charleston Court, Seaview Avenue, West Mersea, Colchester, Essex, CO5 8BX£275,000£265,000-£10,00001 Apr 202305 Oct 2023187 Days
26 East Road, West Mersea, Colchester, Essex, CO5 8EL£590,000£566,500-£23,50011 Apr 202306 Sep 2023148 Days
8 Firs Hamlet, West Mersea, Colchester, Essex, CO5 8NF£650,000£650,000£0007 Aug 202304 Sep 202328 Days
42 St Peters Road, West Mersea, Colchester, Essex, CO5 8LL£350,000£320,000-£30,00012 Dec 202204 Sep 2023266 Days
5 Brickhouse Close, West Mersea, Colchester, Essex, CO5 8LA£545,000£500,000-£45,00015 May 202325 Aug 2023102 Days
7 Mill Road, West Mersea, Colchester, Essex, CO5 8RH£225,000£200,000-£25,00010 Aug 202228 Jun 2023322 Days
24 Whittaker Way, West Mersea, Colchester, Essex, CO5 8LB£400,000£380,000-£20,00014 Dec 202226 May 2023163 Days
84 Seaview Avenue, West Mersea, Colchester, Essex, CO5 8BX£215,000£215,000£0027 Jan 202324 May 2023117 Days
32 Strood Close, West Mersea, Colchester, Essex, CO5 8JN£340,000£330,000-£10,00002 Aug 202216 Feb 2023198 Days
43 Whittaker Way, West Mersea, Colchester, Essex, CO5 8LB£450,000£450,000£0016 Mar 202229 Jul 2022135 Days
2 The Mews, West Mersea, Colchester, Essex, CO5 8GW£425,000£422,500-£2,50010 Feb 202225 Jul 2022165 Days
15 Oakwood Avenue, West Mersea, Colchester, Essex, CO5 8EJ£345,000£338,000-£7,00014 Jan 202208 Jun 2022145 Days
Flat 32, Hall Barn, High Street, West Mersea, Colchester, Essex, CO5 8SD£140,000£132,000-£8,00026 Jul 202127 May 2022305 Days

Most Expensive Streets in West Mersea

PostcodeStreetAreaAverageNo. of Sales
CO5 8LHCoast RoadWest Mersea£1,285,0003
CO5 8JZColchester RoadWest Mersea£863,3333
CO5 8AEGrove AvenueWest Mersea£774,0005
CO5 8BHVictoria EsplanadeWest Mersea£743,3333
CO5 8BTFairhaven AvenueWest Mersea£721,6663
CO5 8LJSt Peters RoadWest Mersea£709,3336
CO5 8QDHigh StreetWest Mersea£657,0005
CO5 8AGKingsland RoadWest Mersea£643,3333
CO5 8BLEmpress AvenueWest Mersea£610,8339
CO5 8APBroomhills RoadWest Mersea£575,0003

Least Expensive Streets in West Mersea

PostcodeStreetAreaAverageNo. of Sales
CO5 8SDHall BarnHigh Street, West Mersea£149,93423
CO5 8TLAkersloot PlaceWest Mersea£155,5003
CO5 8JTTudor CourtWest Mersea£178,8333
CO5 8QGQueens MewsWest Mersea£190,7005
CO5 8DGUpland RoadWest Mersea£204,3754
CO5 8EDWindsor RoadWest Mersea£230,4663
CO5 8QAHigh StreetWest Mersea£248,0754
CO5 8BXSeaview AvenueWest Mersea£275,86819
CO5 8RFChatsworth RoadWest Mersea£278,9378
CO5 8QHChurch RoadWest Mersea£282,10010

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