33, ELMWOOD DRIVE, WEST MERSEA, COLCHESTER, CO5 8RD - £362,500

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.

33 ELMWOOD DRIVE is a very small detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £360,240. It was last sold for £362,500 in June 2022, which was around 28% below the average June 2022 detached price in the Colchester local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

33 ELMWOOD DRIVE Sold Prices

Land registry data shows two sales for 33 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 33 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
2022 13 JUN	£362,500	£505,393	28% below HPI
2000 11 AUG	£115,000	£146,379	21% below HPI

33 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 33 ELMWOOD DRIVE sales from August 2000 and June 2022 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 August 2000 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 33 ELMWOOD DRIVE be worth now?

33 ELMWOOD DRIVE might now be worth an estimated £360,240.

This is based on house price deflation of 0.6%, between June 2022 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 0.6% deflationary decrease is applied to the most recent sale price for 33 ELMWOOD DRIVE of £362,500 on 13th June 2022. For the value to have decreased from £362,500 to £360,240 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 33 ELMWOOD DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2022 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 33 ELMWOOD DRIVE has not materially changed since June 2022.

How Large is 33 ELMWOOD DRIVE?

33 ELMWOOD DRIVE is 76m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% 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 33 ELMWOOD DRIVE lies on this distribution: 13% of detached houses houses are smaller than 33 ELMWOOD DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

33 ELMWOOD DRIVE: Plot and Title Map

33 ELMWOOD DRIVE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 33 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 33 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 33 ELMWOOD DRIVE?

33 ELMWOOD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 33 on ELMWOOD DRIVE.