1, OAKWOOD GARDENS, WEST MERSEA, COLCHESTER, CO5 8DT - £265,000

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.

1 OAKWOOD GARDENS is a large detached house of 131m², built sometime between 1967 and 1975, which could now be worth an estimated £432,866. It was last sold for £265,000 in February 2014, which was around 14% below the average February 2014 detached price in the Colchester local authority area. The most recent EPC inspection was June 2014, where the current energy rating was B, and the potential energy rating was B.

1 OAKWOOD GARDENS Sold Prices

Land registry data shows three sales for 1 OAKWOOD GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 1 OAKWOOD GARDENS 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
2014 14 FEB	£265,000	£307,472	14% below HPI
2006 5 SEP	£230,000	£284,424	19% below HPI
1999 15 JUL	£75,000	£120,794	38% below HPI

1 OAKWOOD GARDENS 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 three 1 OAKWOOD GARDENS sales between July 1999 and February 2014 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 September 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 1 OAKWOOD GARDENS be worth now?

1 OAKWOOD GARDENS might now be worth an estimated £432,866.

This is based on house price inflation of 63.3%, between February 2014 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 63.3% inflationary increase is applied to the most recent sale price for 1 OAKWOOD GARDENS of £265,000 on 14th February 2014. For the value to have increased from £265,000 to £432,866 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 1 OAKWOOD GARDENS has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2014 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAKWOOD GARDENS has not materially changed since February 2014.

How Large is 1 OAKWOOD GARDENS?

1 OAKWOOD GARDENS is 131m² according to the EPC inspection conducted in June 2014. This puts it in the largest 40% 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 1 OAKWOOD GARDENS lies on this distribution: 63% of detached houses houses are smaller than 1 OAKWOOD GARDENS, and 37% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

1 OAKWOOD GARDENS: Plot and Title Map

1 OAKWOOD GARDENS sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 1 OAKWOOD GARDENS, 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 1 OAKWOOD GARDENS). 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 1 OAKWOOD GARDENS?

1 OAKWOOD GARDENS is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 1 on OAKWOOD GARDENS.