23, PLOUGH DRIVE, COLCHESTER, CO3 4NX - £340,000

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.

23 PLOUGH DRIVE is a midsized extended detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £386,781. It was last sold for £340,000 in August 2019, which was around 23% below the average August 2019 detached price in the Colchester local authority area. The most recent EPC inspection was January 2012, where the current energy rating was C, and the potential energy rating was C.

23 PLOUGH DRIVE Sold Prices

Land registry data shows three sales for 23 PLOUGH 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 23 PLOUGH 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
2019 22 AUG	£340,000	£441,496	23% below HPI
2014 26 SEP	£295,000	£328,074	10% below HPI
2011 23 FEB	£168,000	£282,880	41% below HPI

23 PLOUGH 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 23 PLOUGH DRIVE sales between February 2011 and August 2019 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 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 23 PLOUGH DRIVE be worth now?

23 PLOUGH DRIVE might now be worth an estimated £386,781.

This is based on house price inflation of 13.8%, between August 2019 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 13.8% inflationary increase is applied to the most recent sale price for 23 PLOUGH DRIVE of £340,000 on 22nd August 2019. For the value to have increased from £340,000 to £386,781 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 23 PLOUGH DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2019 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 23 PLOUGH DRIVE has not materially changed since August 2019.

How Large is 23 PLOUGH DRIVE?

23 PLOUGH DRIVE is 103m², which includes two extensions, according to the EPC inspection conducted in January 2012. This puts it in the smallest 50% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 23 PLOUGH DRIVE lies on this distribution: 42% of detached houses houses are smaller than 23 PLOUGH DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Colchester.

23 PLOUGH DRIVE: Plot and Title Map

23 PLOUGH DRIVE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 23 PLOUGH 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 23 PLOUGH 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 23 PLOUGH DRIVE?

23 PLOUGH DRIVE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 23 on PLOUGH DRIVE.