14, RAINBOW ROAD, WEST MERSEA, COLCHESTER, CO5 8RE - £588,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

14 RAINBOW ROAD is a very large extended detached house of 175m², built sometime between 1950 and 1966, which could now be worth an estimated £561,396. It was last sold for £588,000 in March 2023, which was around 12% above the average March 2023 detached price in the Colchester local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

14 RAINBOW ROAD Sold Prices

Land registry data shows four sales for 14 RAINBOW ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. two of the four 14 RAINBOW ROAD sales were for above the average price, and four 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
2023 20 MAR	£588,000	£526,043	12% above HPI
2020 9 OCT	£515,000	£451,030	14% above HPI
2010 4 NOV	£245,000	£289,357	15% below HPI
2004 2 APR	£249,000	£253,748	2% below HPI

14 RAINBOW 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 four 14 RAINBOW ROAD sales between April 2004 and March 2023 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 October 2020 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2023 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 14 RAINBOW ROAD be worth now?

14 RAINBOW ROAD might now be worth an estimated £561,396.

This is based on house price deflation of 4.5%, between March 2023 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.5% deflationary decrease is applied to the most recent sale price for 14 RAINBOW ROAD of £588,000 on 20th March 2023. For the value to have decreased from £588,000 to £561,396 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 14 RAINBOW ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The March 2023 sale price of £588,000 represented a fair market value for the property.
• The size, condition, and specification of 14 RAINBOW ROAD has not materially changed since March 2023.

How Large is 14 RAINBOW ROAD?

14 RAINBOW ROAD is 175m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 14 RAINBOW ROAD lies on this distribution: 85% of detached houses houses are smaller than 14 RAINBOW ROAD, and 15% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

14 RAINBOW ROAD: Plot and Title Map

14 RAINBOW ROAD sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of 14 RAINBOW 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 14 RAINBOW 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 14 RAINBOW ROAD?

14 RAINBOW ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 14 on RAINBOW ROAD.