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

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

33 ELMWOOD DRIVE is a very small detached house of 76m², built sometime between 1976 and 1982. 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	£504,008	28% below HPI
2000 11 AUG	£115,000	£145,978	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.

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 in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 33 ELMWOOD DRIVE lies on this distribution: 13% of detached 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.