18, VICTORY ROAD, WEST MERSEA, COLCHESTER, CO5 8LX - £550,000

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

18 VICTORY ROAD is a very large extended detached house of 235m², built sometime between 2007 and 2011. It was last sold for £550,000 in August 2010, which was around 93% above the average August 2010 detached price in the Colchester local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

18 VICTORY ROAD Sold Prices

Land registry data shows two sales for 18 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. One of the two 18 VICTORY ROAD sales was for above the average price, whilst the other was 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
2010 16 AUG	£550,000	£284,644	93% above HPI
2008 27 OCT	£240,500	£263,433	9% below HPI

18 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 18 VICTORY ROAD sales from October 2008 and August 2010 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 2008 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2010 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

How Large is 18 VICTORY ROAD?

18 VICTORY ROAD is 235m², which includes one extension, according to the EPC inspection conducted in November 2022. 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 18 VICTORY ROAD lies on this distribution: 96% of detached houses are smaller than 18 VICTORY ROAD, and 4% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

18 VICTORY ROAD: Plot and Title Map

18 VICTORY ROAD sits on a plot of roughly 0.289 of an acre, or 1,171m². The below map shows the location of 18 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 18 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 18 VICTORY ROAD?

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