3, RICHARDSON WALK, COLCHESTER, CO3 4AJ - £1,100,000

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.

3 RICHARDSON WALK is a very large extended detached house of 232m², built sometime between 1930 and 1949, which could now be worth an estimated £1,057,374. It was last sold for £1,100,000 in October 2022, which was around 111% above the average October 2022 detached price in the Colchester local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

3 RICHARDSON WALK Sold Prices

Land registry data shows three sales for 3 RICHARDSON WALK 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 3 RICHARDSON WALK 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
2022 24 OCT	£1,100,000	£522,489	111% above HPI
2017 28 JUN	£850,000	£423,916	101% above HPI
2004 30 APR	£425,000	£253,748	67% above HPI

3 RICHARDSON WALK 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 3 RICHARDSON WALK sales between April 2004 and October 2022 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 June 2017 sale was for 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the October 2022 sale, where it rises to 111% above the HPI. The line then continues to track at 111% above the HPI.

What might 3 RICHARDSON WALK be worth now?

3 RICHARDSON WALK might now be worth an estimated £1,057,374.

This is based on house price deflation of 3.9%, between October 2022 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 3.9% deflationary decrease is applied to the most recent sale price for 3 RICHARDSON WALK of £1,100,000 on 24th October 2022. For the value to have decreased from £1,100,000 to £1,057,374 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 RICHARDSON WALK has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2022 sale price of £1,100,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RICHARDSON WALK has not materially changed since October 2022.

How Large is 3 RICHARDSON WALK?

3 RICHARDSON WALK is 232m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 3 RICHARDSON WALK lies on this distribution: 97% of detached houses houses are smaller than 3 RICHARDSON WALK, and 3% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 RICHARDSON WALK: Plot and Title Map

3 RICHARDSON WALK sits on a plot of roughly 0.328 of an acre, or 1,326m². The below map shows the location of 3 RICHARDSON WALK, 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 3 RICHARDSON WALK). 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 3 RICHARDSON WALK?

3 RICHARDSON WALK is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 3 on RICHARDSON WALK.