3, VICTORIA MEWS, WEST MERSEA, COLCHESTER, CO5 8GE - £500,000

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 VICTORIA MEWS is a midsized detached house of 115m², built sometime between 2003 and 2006, which could now be worth an estimated £570,951. It was last sold for £500,000 in March 2021, which was around 14% above the average March 2021 detached price in the Colchester local authority area. The most recent EPC inspection was November 2010, where the current energy rating was C, and the potential energy rating was C.

3 VICTORIA MEWS Sold Prices

Land registry data shows three sales for 3 VICTORIA MEWS 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 VICTORIA MEWS 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
2021 30 MAR	£500,000	£439,829	14% above HPI
2011 31 JAN	£350,000	£286,468	22% above HPI
2005 22 NOV	£310,000	£269,161	15% above HPI

3 VICTORIA MEWS 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 VICTORIA MEWS sales between November 2005 and March 2021 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 January 2011 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2021 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 VICTORIA MEWS be worth now?

3 VICTORIA MEWS might now be worth an estimated £570,951.

This is based on house price inflation of 14.2%, between March 2021 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 14.2% inflationary increase is applied to the most recent sale price for 3 VICTORIA MEWS of £500,000 on 30th March 2021. For the value to have increased from £500,000 to £570,951 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 3 VICTORIA MEWS has moved in line with the HPI for detached houses in the Colchester local authority area.
• The March 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 3 VICTORIA MEWS has not materially changed since March 2021.

How Large is 3 VICTORIA MEWS?

3 VICTORIA MEWS is 115m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 50% 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 3 VICTORIA MEWS lies on this distribution: 49% of detached houses houses are smaller than 3 VICTORIA MEWS, and 51% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 VICTORIA MEWS: Plot and Title Map

3 VICTORIA MEWS sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 3 VICTORIA MEWS, 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 VICTORIA MEWS). 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 VICTORIA MEWS?

3 VICTORIA MEWS is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 3 on VICTORIA MEWS.