1, VICTORY ROAD, WEST MERSEA, COLCHESTER, CO5 8LY - £295,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 VICTORY ROAD is a very large extended detached house of 164m², built sometime between 1983 and 1990. It was last sold for £295,000 in July 2004, which was around 14% above the average July 2004 detached price in the Colchester local authority area. The most recent EPC inspection was September 2021, where the current energy rating was B, and the potential energy rating was B.

1 VICTORY ROAD Sold Prices

Land registry data shows two sales for 1 VICTORY ROAD 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 ROAD 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
2004 5 JUL	£295,000	£259,039	14% above HPI
1998 16 APR	£110,000	£107,269	3% above HPI

1 VICTORY ROAD 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 ROAD sales from April 1998 and July 2004 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 April 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2004 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 1 VICTORY ROAD?

1 VICTORY ROAD is 164m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 20% 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 ROAD lies on this distribution: 81% of detached houses are smaller than 1 VICTORY ROAD, and 18% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

1 VICTORY ROAD: Plot and Title Map

1 VICTORY ROAD sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 1 VICTORY ROAD, 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 ROAD). 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 ROAD?

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