42, VICTORY ROAD, WEST MERSEA, COLCHESTER, CO5 8LX - £700,000

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.

42 VICTORY ROAD is a very large extended detached house of 204m², built sometime between 1950 and 1966, which could now be worth an estimated £803,916. It was last sold for £700,000 in August 2018, which was around 60% above the average August 2018 detached price in the Colchester local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

42 VICTORY ROAD Sold Prices

Land registry data shows two sales for 42 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. Both of the two 42 VICTORY ROAD 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
2018 20 AUG	£700,000	£437,321	60% above HPI
2007 6 JUL	£310,000	£304,668	2% above HPI

42 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 42 VICTORY ROAD sales from July 2007 and August 2018 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 July 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2018 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 42 VICTORY ROAD be worth now?

42 VICTORY ROAD might now be worth an estimated £803,916.

This is based on house price inflation of 14.8%, between August 2018 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 14.8% inflationary increase is applied to the most recent sale price for 42 VICTORY ROAD of £700,000 on 20th August 2018. For the value to have increased from £700,000 to £803,916 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 42 VICTORY ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2018 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 42 VICTORY ROAD has not materially changed since August 2018.

How Large is 42 VICTORY ROAD?

42 VICTORY ROAD is 204m², which includes three extensions, according to the EPC inspection conducted in April 2018. This puts it in the largest 10% 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 42 VICTORY ROAD lies on this distribution: 93% of detached houses houses are smaller than 42 VICTORY ROAD, and 7% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

42 VICTORY ROAD: Plot and Title Map

42 VICTORY ROAD sits on a plot of roughly 0.367 of an acre, or 1,485m². The below map shows the location of 42 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 42 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 42 VICTORY ROAD?

42 VICTORY ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 42 on VICTORY ROAD.