16, RICHMOND ROAD, COLCHESTER, CO2 7FR - £267,510

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.

16 RICHMOND ROAD is a very small terraced house of 56m², built sometime between 2003 and 2006, which could now be worth an estimated £267,212. It was last sold for £267,510 in July 2022, which was about the average July 2022 terraced price in the Colchester local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was A.

16 RICHMOND ROAD Sold Prices

Land registry data shows three sales for 16 RICHMOND ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. The three 16 RICHMOND ROAD sales were a mix of roughly equal to the average price, above the average price, and 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
2022 29 JUL	£267,510	£266,760	Close to HPI
2016 28 OCT	£205,000	£212,353	3% below HPI
2011 15 DEC	£154,995	£149,005	4% above HPI

16 RICHMOND ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The three 16 RICHMOND ROAD sales between December 2011 and July 2022 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 October 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 16 RICHMOND ROAD be worth now?

16 RICHMOND ROAD might now be worth an estimated £267,212.

This is based on house price deflation of 0.1%, between July 2022 and October 2025, for terraced 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 0.1% deflationary decrease is applied to the most recent sale price for 16 RICHMOND ROAD of £267,510 on 29th July 2022. For the value to have decreased from £267,510 to £267,212 over the two years and nine months to October 2025, the following assumptions must hold true:

• The value of 16 RICHMOND ROAD has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The July 2022 sale price of £267,510 represented a fair market value for the property.
• The size, condition, and specification of 16 RICHMOND ROAD has not materially changed since July 2022.

How Large is 16 RICHMOND ROAD?

16 RICHMOND ROAD is 56m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 16 RICHMOND ROAD lies on this distribution: 1% of terraced houses houses are smaller than 16 RICHMOND ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Colchester.

16 RICHMOND ROAD: Plot and Title Map

16 RICHMOND ROAD sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 16 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 16 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 16 RICHMOND ROAD?

16 RICHMOND ROAD is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 16 on RICHMOND ROAD.