48B, VICTORY ROAD, WEST MERSEA, COLCHESTER, CO5 8LX - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

48B VICTORY ROAD is a very small detached house of 66m², built sometime between 2003 and 2006. It was last sold for £245,000 in August 2012, which was around 16% below the average August 2012 detached price in the Colchester local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

48B VICTORY ROAD Sold Prices

Land registry data shows two sales for 48B 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 48B VICTORY ROAD sales were 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
2012 22 AUG	£245,000	£290,562	16% below HPI
2004 19 NOV	£245,000	£268,420	9% below HPI

48B 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 48B VICTORY ROAD sales from November 2004 and August 2012 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 November 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2012 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 48B VICTORY ROAD be worth now?

48B VICTORY ROAD might now be worth an estimated £428,841.

This is based on house price inflation of 75%, between August 2012 and December 2024, 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 75% inflationary increase is applied to the most recent sale price for 48B VICTORY ROAD of £245,000 on 22nd August 2012. For the value to have increased from £245,000 to £428,841 over the eleven years and eight months to December 2024, the following assumptions must hold true:

• The value of 48B VICTORY ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2012 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 48B VICTORY ROAD has not materially changed since August 2012.

How Large is 48B VICTORY ROAD?

48B VICTORY ROAD is 66m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 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 48B VICTORY ROAD lies on this distribution: 4% of detached houses houses are smaller than 48B VICTORY ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

48B VICTORY ROAD: Plot and Title Map

48B VICTORY ROAD sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 48B 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 48B 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 48B VICTORY ROAD?

48B VICTORY ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 48B on VICTORY ROAD.