39, VICTORIA ESPLANADE, WEST MERSEA, COLCHESTER, CO5 8BH - £560,000

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.

39 VICTORIA ESPLANADE is a very large detached house of 187m², built sometime between 1950 and 1966, which could now be worth an estimated £682,981. It was last sold for £560,000 in October 2016, which was around 36% above the average October 2016 detached price in the Colchester local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

39 VICTORIA ESPLANADE Sold Prices

Land registry data shows three sales for 39 VICTORIA ESPLANADE 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. Two of the three 39 VICTORIA ESPLANADE sales were for above the average price, whilst one 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
2016 21 OCT	£560,000	£411,806	36% above HPI
2015 6 JAN	£497,000	£333,919	49% above HPI
2005 4 MAR	£179,750	£266,018	32% below HPI

39 VICTORIA ESPLANADE 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 39 VICTORIA ESPLANADE sales between March 2005 and October 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 January 2015 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2016 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 39 VICTORIA ESPLANADE be worth now?

39 VICTORIA ESPLANADE might now be worth an estimated £682,981.

This is based on house price inflation of 22%, between October 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 22% inflationary increase is applied to the most recent sale price for 39 VICTORIA ESPLANADE of £560,000 on 21st October 2016. For the value to have increased from £560,000 to £682,981 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 39 VICTORIA ESPLANADE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2016 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 39 VICTORIA ESPLANADE has not materially changed since October 2016.

How Large is 39 VICTORIA ESPLANADE?

39 VICTORIA ESPLANADE is 187m² according to the EPC inspection conducted in April 2016. 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 39 VICTORIA ESPLANADE lies on this distribution: 89% of detached houses houses are smaller than 39 VICTORIA ESPLANADE, and 11% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

39 VICTORIA ESPLANADE: Plot and Title Map

39 VICTORIA ESPLANADE sits on a plot of roughly 0.189 of an acre, or 766m². The below map shows the location of 39 VICTORIA ESPLANADE, 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 39 VICTORIA ESPLANADE). 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 39 VICTORIA ESPLANADE?

39 VICTORIA ESPLANADE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 39 on VICTORIA ESPLANADE.