5, RICHMOND ROAD, WEST MERSEA, COLCHESTER, CO5 8PS - £320,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 RICHMOND ROAD is a very small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £320,000 in June 2020, which was around 26% below the average June 2020 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 five sales for 5 RICHMOND ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the five 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
2020 12 JUN	£320,000	£433,599	26% below HPI
2013 31 JUL	£200,000	£289,834	31% below HPI
2002 5 JUN	£140,000	£190,467	26% below HPI
1999 14 DEC	£97,000	£129,201	25% below HPI
1995 13 NOV	£58,500	£87,937	33% 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 five 5 RICHMOND ROAD sales between November 1995 and June 2020 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 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2020 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

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 in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 5 RICHMOND ROAD lies on this distribution: 19% of detached 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.