34, CRAVEN DRIVE, COLCHESTER, CO4 9BE - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

34 CRAVEN DRIVE is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £335,000 in December 2023, which was around 33% below the average December 2023 detached price in the Colchester local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

34 CRAVEN DRIVE Sold Prices

Land registry data shows two sales for 34 CRAVEN 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 34 CRAVEN 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
2023 11 DEC	£335,000	£500,095	33% below HPI
2020 23 MAR	£290,000	£428,059	32% below HPI

34 CRAVEN 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 34 CRAVEN DRIVE sales from March 2020 and December 2023 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 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 34 CRAVEN DRIVE?

34 CRAVEN DRIVE is 68m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 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 34 CRAVEN DRIVE lies on this distribution: 6% of detached houses are smaller than 34 CRAVEN DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Colchester.

34 CRAVEN DRIVE: Plot and Title Map

34 CRAVEN DRIVE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 34 CRAVEN 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 34 CRAVEN 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 34 CRAVEN DRIVE?

34 CRAVEN DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 34 on CRAVEN DRIVE.