8, RICHARDSON WALK, COLCHESTER, CO3 4AJ - £940,000

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.

8 RICHARDSON WALK is a small extended detached house of 97m², built sometime between 1930 and 1949, which could now be worth an estimated £1,148,957. It was last sold for £940,000 in November 2016, which was around 129% above the average November 2016 detached price in the Colchester local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was D.

8 RICHARDSON WALK Sold Prices

Land registry data shows two sales for 8 RICHARDSON WALK 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 8 RICHARDSON WALK 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
2016 14 NOV	£940,000	£410,901	129% above HPI
2011 9 DEC	£490,000	£287,419	70% above HPI

8 RICHARDSON WALK 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 8 RICHARDSON WALK sales from December 2011 and November 2016 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 December 2011 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the November 2016 sale, where it rises to 129% above the HPI. The line then continues to track at 129% above the HPI.

What might 8 RICHARDSON WALK be worth now?

8 RICHARDSON WALK might now be worth an estimated £1,148,957.

This is based on house price inflation of 22.2%, between November 2016 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 22.2% inflationary increase is applied to the most recent sale price for 8 RICHARDSON WALK of £940,000 on 14th November 2016. For the value to have increased from £940,000 to £1,148,957 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 RICHARDSON WALK has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2016 sale price of £940,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RICHARDSON WALK has not materially changed since November 2016.

How Large is 8 RICHARDSON WALK?

8 RICHARDSON WALK is 97m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 8 RICHARDSON WALK lies on this distribution: 34% of detached houses houses are smaller than 8 RICHARDSON WALK, and 66% of houses are larger. Note that EPC data is not available for all properties in Colchester.

8 RICHARDSON WALK: Plot and Title Map

8 RICHARDSON WALK sits on a plot of roughly 0.283 of an acre, or 1,147m². The below map shows the location of 8 RICHARDSON WALK, 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 8 RICHARDSON WALK). 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 8 RICHARDSON WALK?

8 RICHARDSON WALK is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 8 on RICHARDSON WALK.