10, VICTORY ROAD, WEST MERSEA, COLCHESTER, CO5 8LY - £253,000

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

10 VICTORY ROAD is a very small detached house of 55m², built sometime between 1950 and 1966. It was last sold for £253,000 in January 2016, which was around 33% below the average January 2016 detached price in the Colchester local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

10 VICTORY ROAD Sold Prices

Land registry data shows three sales for 10 VICTORY ROAD 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 10 VICTORY ROAD 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
2016 20 JAN	£253,000	£377,002	33% below HPI
2001 2 MAR	£119,995	£151,192	21% below HPI
1997 19 SEP	£73,000	£100,032	27% below HPI

10 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 three 10 VICTORY ROAD sales between September 1997 and January 2016 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 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2016 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 10 VICTORY ROAD?

10 VICTORY ROAD is 55m² according to the EPC inspection conducted in May 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 10 VICTORY ROAD lies on this distribution: 1% of detached houses are smaller than 10 VICTORY ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

10 VICTORY ROAD: Plot and Title Map

10 VICTORY ROAD sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 10 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 10 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 10 VICTORY ROAD?

10 VICTORY ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 10 on VICTORY ROAD.