24, WOODFIELD DRIVE, WEST MERSEA, COLCHESTER, CO5 8PX - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 WOODFIELD DRIVE is a very small detached house of 67m², built sometime between 1983 and 1990, which could now be worth an estimated £375,494. It was last sold for £295,000 in August 2016, which was around 26% below the average August 2016 detached price in the Colchester local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

24 WOODFIELD DRIVE Sold Prices

Land registry data shows two sales for 24 WOODFIELD 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 24 WOODFIELD 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
2016 22 AUG	£295,000	£399,566	26% below HPI
2005 22 APR	£191,000	£266,239	28% below HPI

24 WOODFIELD 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 24 WOODFIELD DRIVE sales from April 2005 and August 2016 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 April 2005 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2016 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 24 WOODFIELD DRIVE be worth now?

24 WOODFIELD DRIVE might now be worth an estimated £375,494.

This is based on house price inflation of 27.3%, between August 2016 and December 2024, 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 27.3% inflationary increase is applied to the most recent sale price for 24 WOODFIELD DRIVE of £295,000 on 22nd August 2016. For the value to have increased from £295,000 to £375,494 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 24 WOODFIELD DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2016 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 24 WOODFIELD DRIVE has not materially changed since August 2016.

How Large is 24 WOODFIELD DRIVE?

24 WOODFIELD DRIVE is 67m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% 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 24 WOODFIELD DRIVE lies on this distribution: 4% of detached houses houses are smaller than 24 WOODFIELD DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

24 WOODFIELD DRIVE: Plot and Title Map

24 WOODFIELD DRIVE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 24 WOODFIELD 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 24 WOODFIELD 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 24 WOODFIELD DRIVE?

24 WOODFIELD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 24 on WOODFIELD DRIVE.