5, RICHMOND ROAD, WEST MERSEA, COLCHESTER, CO5 8PS - £440,000

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

5 RICHMOND ROAD is a very small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £446,966. It was last sold for £440,000 in August 2024, which was around 12% below the average August 2024 detached price in the Colchester local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

5 RICHMOND ROAD Sold Prices

Land registry data shows six sales for 5 RICHMOND ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the six 5 RICHMOND 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
2024 14 AUG	£440,000	£500,666	12% below HPI
2020 12 JUN	£320,000	£434,790	26% below HPI
2013 31 JUL	£200,000	£290,631	31% below HPI
2002 5 JUN	£140,000	£190,990	27% below HPI
1999 14 DEC	£97,000	£129,556	25% below HPI
1995 13 NOV	£58,500	£88,179	34% below HPI

5 RICHMOND 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 six 5 RICHMOND ROAD sales between November 1995 and August 2024 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 2020 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 RICHMOND ROAD be worth now?

5 RICHMOND ROAD might now be worth an estimated £446,966.

This is based on house price inflation of 1.6%, between August 2024 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 1.6% inflationary increase is applied to the most recent sale price for 5 RICHMOND ROAD of £440,000 on 14th August 2024. For the value to have increased from £440,000 to £446,966 over the eight months to December 2024, the following assumptions must hold true:

• The value of 5 RICHMOND ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2024 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RICHMOND ROAD has not materially changed since August 2024.

How Large is 5 RICHMOND ROAD?

5 RICHMOND ROAD is 84m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 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 5 RICHMOND ROAD lies on this distribution: 19% of detached houses houses are smaller than 5 RICHMOND ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

5 RICHMOND ROAD: Plot and Title Map

5 RICHMOND ROAD sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 5 RICHMOND 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 5 RICHMOND 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 5 RICHMOND ROAD?

5 RICHMOND ROAD is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 5 on RICHMOND ROAD.