3, SPRINGFIELDS DRIVE, COLCHESTER, CO2 9TA - £616,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 SPRINGFIELDS DRIVE is a very large extended detached house of 204m², built sometime between 1991 and 1995. It was last sold for £616,500 in October 2020, which was around 37% above the average October 2020 detached price in the Colchester local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

3 SPRINGFIELDS DRIVE Sold Prices

Land registry data shows two sales for 3 SPRINGFIELDS 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 3 SPRINGFIELDS 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
2020 5 OCT	£616,500	£449,794	37% above HPI
2002 6 DEC	£317,500	£224,803	41% above HPI

3 SPRINGFIELDS 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 3 SPRINGFIELDS DRIVE sales from December 2002 and October 2020 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 December 2002 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the October 2020 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 3 SPRINGFIELDS DRIVE?

3 SPRINGFIELDS DRIVE is 204m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 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 3 SPRINGFIELDS DRIVE lies on this distribution: 95% of detached houses are smaller than 3 SPRINGFIELDS DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 SPRINGFIELDS DRIVE: Plot and Title Map

3 SPRINGFIELDS DRIVE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 3 SPRINGFIELDS 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 3 SPRINGFIELDS 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 3 SPRINGFIELDS DRIVE?

3 SPRINGFIELDS DRIVE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 3 on SPRINGFIELDS DRIVE.