7, VICTORIA ESPLANADE, WEST MERSEA, COLCHESTER, CO5 8AT - £1,300,000

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.

7 VICTORIA ESPLANADE is a very large extended detached house of 228m², built sometime from 2012 onwards, which could now be worth an estimated £1,303,512. It was last sold for £1,300,000 in September 2024, which was around 160% above the average September 2024 detached price in the Colchester local authority area. The most recent EPC inspection was December 2023, where the current energy rating was B, and the potential energy rating was B.

7 VICTORIA ESPLANADE Sold Prices

Land registry data shows four sales for 7 VICTORIA ESPLANADE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 7 VICTORIA ESPLANADE 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
2024 24 SEP	£1,300,000	£500,889	160% above HPI
2019 20 MAY	£610,000	£430,938	42% above HPI
2017 5 JUL	£550,000	£424,846	29% above HPI
2000 12 OCT	£180,000	£151,447	19% above HPI

7 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 four 7 VICTORIA ESPLANADE sales between October 2000 and September 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 May 2019 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the September 2024 sale, where it rises to 160% above the HPI. The line then continues to track at 160% above the HPI.

What might 7 VICTORIA ESPLANADE be worth now?

7 VICTORIA ESPLANADE might now be worth an estimated £1,303,512.

This is based on house price inflation of 0.3%, between September 2024 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 0.3% inflationary increase is applied to the most recent sale price for 7 VICTORIA ESPLANADE of £1,300,000 on 24th September 2024. For the value to have increased from £1,300,000 to £1,303,512 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 7 VICTORIA ESPLANADE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2024 sale price of £1,300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 VICTORIA ESPLANADE has not materially changed since September 2024.

How Large is 7 VICTORIA ESPLANADE?

7 VICTORIA ESPLANADE is 228m², which includes one extension, according to the EPC inspection conducted in December 2023. 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 7 VICTORIA ESPLANADE lies on this distribution: 96% of detached houses houses are smaller than 7 VICTORIA ESPLANADE, and 4% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

7 VICTORIA ESPLANADE: Plot and Title Map

7 VICTORIA ESPLANADE sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of 7 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 7 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 7 VICTORIA ESPLANADE?

7 VICTORIA ESPLANADE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 7 on VICTORIA ESPLANADE.