31, ELMWOOD DRIVE, WEST MERSEA, COLCHESTER, CO5 8RD - £245,500

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

31 ELMWOOD DRIVE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £245,500 in July 2007, which was around 19% below the average July 2007 detached price in the Colchester local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

31 ELMWOOD DRIVE Sold Prices

Land registry data shows two sales for 31 ELMWOOD 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 31 ELMWOOD 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
2007 20 JUL	£245,500	£303,833	19% below HPI
2007 8 MAR	£200,000	£292,927	32% below HPI

31 ELMWOOD 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 31 ELMWOOD DRIVE sales from March 2007 and July 2007 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 March 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2007 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 31 ELMWOOD DRIVE?

31 ELMWOOD DRIVE is 71m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 10% of detached houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 31 ELMWOOD DRIVE lies on this distribution: 8% of detached houses are smaller than 31 ELMWOOD DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

31 ELMWOOD DRIVE: Plot and Title Map

31 ELMWOOD DRIVE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 31 ELMWOOD 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 31 ELMWOOD 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 31 ELMWOOD DRIVE?

31 ELMWOOD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 31 on ELMWOOD DRIVE.