38, SPRINGHAM DRIVE, COLCHESTER, CO4 5FN - £292,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

38 SPRINGHAM DRIVE is a midsized extended semi-detached house of 109m², built sometime between 1996 and 2002. It was last sold for £292,000 in May 2018, which was around 33% below the average May 2018 detached price in the Colchester local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

38 SPRINGHAM DRIVE Sold Prices

Land registry data shows three sales for 38 SPRINGHAM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 38 SPRINGHAM 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
2018 11 MAY	£292,000	£432,704	33% below HPI
2018 22 FEB	£300,000	£435,030	31% below HPI
2012 28 FEB	£183,000	£283,490	35% below HPI

38 SPRINGHAM 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 three 38 SPRINGHAM DRIVE sales between February 2012 and May 2018 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 February 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 38 SPRINGHAM DRIVE?

38 SPRINGHAM DRIVE is 109m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 38 SPRINGHAM DRIVE lies on this distribution: 47% of detached houses are smaller than 38 SPRINGHAM DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Colchester.

38 SPRINGHAM DRIVE: Plot and Title Map

38 SPRINGHAM DRIVE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 38 SPRINGHAM 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 38 SPRINGHAM 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 38 SPRINGHAM DRIVE?

38 SPRINGHAM DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 38 on SPRINGHAM DRIVE.