1, VICTORY PLACE, WEST MERSEA, COLCHESTER, CO5 8GL - £680,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 VICTORY PLACE is a very large extended detached house of 211m², built sometime from 2007 onwards. It was last sold for £680,000 in August 2019, which was around 54% above the average August 2019 detached price in the Colchester local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

1 VICTORY PLACE Sold Prices

Land registry data shows two sales for 1 VICTORY PLACE 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 1 VICTORY PLACE 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
2019 21 AUG	£680,000	£440,286	54% above HPI
2009 6 MAR	£475,000	£237,571	100% above HPI

1 VICTORY PLACE 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 1 VICTORY PLACE sales from March 2009 and August 2019 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 2009 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the August 2019 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 1 VICTORY PLACE?

1 VICTORY PLACE is 211m², which includes three extensions, according to the EPC inspection conducted in June 2019. 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 1 VICTORY PLACE lies on this distribution: 94% of detached houses are smaller than 1 VICTORY PLACE, and 6% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

1 VICTORY PLACE: Plot and Title Map

1 VICTORY PLACE sits on a plot of roughly 0.106 of an acre, or 431m². The below map shows the location of 1 VICTORY PLACE, 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 1 VICTORY PLACE). 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 1 VICTORY PLACE?

1 VICTORY PLACE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 1 on VICTORY PLACE.