4, DRAKES WAY, OATHILLS, MALPAS, SY14 8HY - £415,000

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

4 DRAKES WAY is a very large extended detached house of 213m², built sometime between 1967 and 1975. It was last sold for £415,000 in January 2023, which was about the average January 2023 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

4 DRAKES WAY Sold Prices

Land registry data shows two sales for 4 DRAKES WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. One of the two 4 DRAKES WAY sales was roughly equal to the average price, whilst the other was for above 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 20 JAN	£415,000	£416,715	Close to HPI
2003 16 MAY	£247,000	£185,729	33% above HPI

4 DRAKES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The two 4 DRAKES WAY sales from May 2003 and January 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 May 2003 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the January 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 4 DRAKES WAY?

4 DRAKES WAY is 213m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 20% of detached houses in Malpas, based on EPC data. The below chart shows the distribution of detached houses by size in Malpas, and where 4 DRAKES WAY lies on this distribution: 86% of detached houses are smaller than 4 DRAKES WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Malpas.

4 DRAKES WAY: Plot and Title Map

4 DRAKES WAY sits on a plot of roughly 0.224 of an acre, or 906m². The below map shows the location of 4 DRAKES WAY, 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 4 DRAKES WAY). 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 4 DRAKES WAY?

4 DRAKES WAY is located in OATHILLS, in the SY14 postcode district. The below map shows the position of No. 4 on DRAKES WAY.