12, OAKS DRIVE, COLCHESTER, CO3 3PR - £470,000

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

12 OAKS DRIVE is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £470,000 in July 2017, which was around 11% above the average July 2017 detached price in the Colchester local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

12 OAKS DRIVE Sold Prices

Land registry data shows two sales for 12 OAKS DRIVE 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 12 OAKS DRIVE 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
2017 18 JUL	£470,000	£423,682	11% above HPI
1996 27 NOV	£135,000	£92,053	47% above HPI

12 OAKS 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 two 12 OAKS DRIVE sales from November 1996 and July 2017 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 November 1996 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the July 2017 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 12 OAKS DRIVE?

12 OAKS DRIVE is 114m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the largest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 12 OAKS DRIVE lies on this distribution: 53% of detached houses are smaller than 12 OAKS DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Colchester.

12 OAKS DRIVE: Plot and Title Map

12 OAKS DRIVE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 12 OAKS 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 12 OAKS 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 12 OAKS DRIVE?

12 OAKS DRIVE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 12 on OAKS DRIVE.