Victory Road - CO5 8LY
Key Postcode Insights
CO5 8LY is a residential postcode situated on Victory Road, West Mersea, Colchester, CO5 with 14 addresses.
It ranks as the 549th largest and 496th most expensive of the 942 postcodes in the CO5 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 14 properties: 12 houses and 2 flats.
- Ave. Sale Price
- £433,503
- 10 Year change
- up 25.0%
- Ave. Rental Price
- £1,493pcm
- 10 Year change
- up 55.8%
- Ave. £ per ft²
- £412/ft²
- Ave. Gross Yield
- 4.1%/year/yr
Key Postcode Insights
CO5 8LY is a residential postcode situated on Victory Road, West Mersea, Colchester, CO5 with 14 addresses.
It ranks as the 549th largest and 496th most expensive of the 942 postcodes in the CO5 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 14 properties: 12 houses and 2 flats.
- Ave. Sale Price
- £433,503
- 10 Year change
- up 25.0%
- Ave. Rental Price
- £1,493pcm
- 10 Year change
- up 55.8%
- Ave. £ per ft²
- £412/ft²
- Ave. Gross Yield
- 4.1%/year/yr
Explore Propertiesin CO5 8LY
- 1 Victory Road
4 Bed Modern House
- 2 Victory Road
4 Bed Mid-century House
- 3 Victory Road
4 Bed Mid-century House
- 4 Victory Road
Unknown
- 5A Victory Road
4 Bed Modern House
Sales Market Trends
The last sale in CO5 8LY sold for £245,000 on 3rd June 2024. Since then prices are up an average of 0.2%.
The current average value in the postcode is £433,503.
The CO5 8LY Sales Market has increased by 25.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.1% | £433,503 |
| June 2025 | 0.9% | £438,145 |
| June 2024 | -3.3% | £434,363 |
| June 2023 | 1.7% | £449,024 |
| June 2022 | 9% | £441,697 |
| June 2021 | 6.6% | £405,048 |
| June 2020 | 0.8% | £379,896 |
| June 2019 | 1% | £377,022 |
| June 2018 | -0.1% | £373,329 |
| June 2017 | 7.7% | £373,538 |
| June 2016 | 8.5% | £346,749 |
| June 2015 | 8.4% | £319,503 |
| June 2014 | 6.7% | £294,679 |
| June 2013 | 2% | £276,108 |
| June 2012 | 1.6% | £270,685 |
| June 2011 | -0.1% | £266,504 |
| June 2010 | 7.5% | £266,880 |
| June 2009 | -9.4% | £248,275 |
| June 2008 | -4.9% | £274,154 |
| June 2007 | 0% | £288,311 |
Rental Market Trends
The current average rental value in the postcode is £1,493.
The CO5 8LY Rental Market has increased by 55.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.8% | £1,493pcm |
| June 2025 | 4.1% | £1,452pcm |
| June 2024 | 6.7% | £1,395pcm |
| June 2023 | 7.1% | £1,308pcm |
| June 2022 | 9.7% | £1,221pcm |
| June 2021 | 7.4% | £1,113pcm |
| June 2020 | 2.6% | £1,037pcm |
| June 2019 | 0.8% | £1,011pcm |
| June 2018 | 0.9% | £1,003pcm |
| June 2017 | 3.8% | £994pcm |
| June 2016 | 5.2% | £958pcm |
| June 2015 | 3.7% | £911pcm |
| June 2014 | 2.6% | £878pcm |
| June 2013 | 0.9% | £856pcm |
| June 2012 | 1.5% | £849pcm |
| June 2011 | 3.1% | £836pcm |
| June 2010 | 7.4% | £811pcm |
| June 2009 | -7.3% | £756pcm |
| June 2008 | 1.9% | £815pcm |
| June 2007 | 0% | £799pcm |
Sales History
The last sale was on 3rd June 2024 for £245,000 and since then the market in the area has increased by 0.2%. The postcode has had a total of 14 sales since 1995.
CO5 8LY has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jun 2024£245,000 | 3 Bed House6, Victory Road, Colchester, CO5 8LY6, Victory Road, Colchester, CO5 8LY
- Sold Nov 2020£470,000 | 4 Bed House2, Victory Road, Colchester, CO5 8LY2, Victory Road, Colchester, CO5 8LY
- Sold Jul 2018£470,000 | 4 Bed House5, Victory Road, Colchester, CO5 8LY5, Victory Road, Colchester, CO5 8LY
- Sold Jan 2016£253,000 | 2 Bed House10, Victory Road, Colchester, CO5 8LY10, Victory Road, Colchester, CO5 8LY
- Sold Dec 2015£480,000 | 4 Bed House5A, Victory Road, Colchester, CO5 8LY5A, Victory Road, Colchester, CO5 8LY
Nearby Postcodes
CO5 8LY is the 549th largest and the 496th most expensive postcode out of the 942 postcodes in the CO5 area.
- CO5 8LL, St. Peters Road, West Mersea, Colchester, CO5CO5 8LL14 Addresses|75 m away
- CO5 8LJ, St. Peters Road, West Mersea, Colchester, CO5CO5 8LJ35 Addresses|144 m away
- CO5 8LN, St. Peters Road, West Mersea, Colchester, CO5CO5 8LN13 Addresses|145 m away
- CO5 8NH, Rosebank Road, West Mersea, Colchester, CO5CO5 8NH27 Addresses|146 m away
- CO5 8UD, The Seedfield, West Mersea, Colchester, CO5CO5 8UD6 Addresses|177 m away
Property Types
- 1 period house built between 1800 and 1911
- 2 period flats built between 1800 and 1911
- 3 modern houses built after 1980
- 7 mid-century houses built between 1936 and 1979
- 1 other address of unknown type
- period house (1)
- period flat (2)
- modern house (3)
- mid-century house (7)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 13 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (2)
- F (1)
- C (3)
- G (0)
- D (6)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Jan 2024£820,000 | 5 Bed House31, Victory Road, Colchester, CO5 8LX31, Victory Road, Colchester, CO5 8LX
- Sold Sep 2024£770,000 | 5 Bed House23, Victory Road, Colchester, CO5 8LX23, Victory Road, Colchester, CO5 8LX
- Sold Aug 2018£700,000 | 5 Bed House42, Victory Road, Colchester, CO5 8LX42, Victory Road, Colchester, CO5 8LX
Schools Nearby
- Mersea Island School800 m away
- Tollesbury School5.3 km away
- St Cedd's Church of England Primary School5.8 km away
- Colne Community School9.3 km away
- The Thomas Lord Audley School10.2 km away
- Paxman Academy10.9 km away
More reading links
Public Transport Nearby
The closest station to CO5 8LY is Wivenhoe station, which is 9.5 kilometres away.
- Wivenhoe|9.5 km away
- Alresford (Essex)|10.6 km away
- Hythe (Essex)|12.1 km away
- Colchester Town|12.2 km away
