18, RICHMOND ROAD, WEST MERSEA, COLCHESTER, CO5 8PS - £337,000

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.

18 RICHMOND ROAD is a large extended detached house of 133m², built sometime between 1976 and 1982, which could now be worth an estimated £432,803. It was last sold for £337,000 in July 2016, which was around 14% below the average July 2016 detached price in the Colchester local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

18 RICHMOND ROAD Sold Prices

Land registry data shows two sales for 18 RICHMOND 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 18 RICHMOND 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 29 JUL	£337,000	£391,068	14% below HPI
2014 26 MAR	£272,500	£312,470	13% below HPI

18 RICHMOND 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 18 RICHMOND ROAD sales from March 2014 and July 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 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 18 RICHMOND ROAD be worth now?

18 RICHMOND ROAD might now be worth an estimated £432,803.

This is based on house price inflation of 28.4%, between July 2016 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 28.4% inflationary increase is applied to the most recent sale price for 18 RICHMOND ROAD of £337,000 on 29th July 2016. For the value to have increased from £337,000 to £432,803 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 18 RICHMOND ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2016 sale price of £337,000 represented a fair market value for the property.
• The size, condition, and specification of 18 RICHMOND ROAD has not materially changed since July 2016.

How Large is 18 RICHMOND ROAD?

18 RICHMOND ROAD is 133m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 40% 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 18 RICHMOND ROAD lies on this distribution: 64% of detached houses houses are smaller than 18 RICHMOND ROAD, and 36% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

18 RICHMOND ROAD: Plot and Title Map

18 RICHMOND ROAD sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 18 RICHMOND 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 18 RICHMOND 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 18 RICHMOND ROAD?

18 RICHMOND ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 18 on RICHMOND ROAD.