1, WEDGEWOOD DRIVE, COLCHESTER, CO4 5EX - £315,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 WEDGEWOOD DRIVE is a very small detached house of 69m², built sometime between 1996 and 2002. It was last sold for £315,000 in January 2021, which was around 30% below the average January 2021 detached price in the Colchester local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

1 WEDGEWOOD DRIVE Sold Prices

Land registry data shows three sales for 1 WEDGEWOOD DRIVE 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 WEDGEWOOD DRIVE 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
2021 6 JAN	£315,000	£447,931	30% below HPI
2015 19 MAY	£237,500	£347,968	32% below HPI
1996 17 MAY	£77,000	£89,086	14% below HPI

1 WEDGEWOOD DRIVE 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 WEDGEWOOD DRIVE sales between May 1996 and January 2021 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 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 1 WEDGEWOOD DRIVE?

1 WEDGEWOOD DRIVE is 69m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 1 WEDGEWOOD DRIVE lies on this distribution: 6% of detached houses are smaller than 1 WEDGEWOOD DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Colchester.

1 WEDGEWOOD DRIVE: Plot and Title Map

1 WEDGEWOOD DRIVE sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 1 WEDGEWOOD DRIVE, 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 WEDGEWOOD DRIVE). 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 WEDGEWOOD DRIVE?

1 WEDGEWOOD DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 1 on WEDGEWOOD DRIVE.