4, OAK DRIVE, SOUTHMINSTER, CM0 7FH - £430,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 OAK DRIVE is a small detached house of 108m², which could now be worth an estimated £420,805. It was last sold for £430,000 in August 2023, which was around 26% below the average August 2023 detached price in the Maldon local authority area. The most recent EPC inspection was July 2016, where the current energy rating was B, and the potential energy rating was A.

4 OAK DRIVE Sold Prices

Land registry data shows three sales for 4 OAK 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 Maldon local authority area for the corresponding sale date. All of the three 4 OAK 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 18 AUG	£430,000	£578,468	26% below HPI
2016 27 MAY	£330,000	£403,952	18% below HPI
2014 31 OCT	£275,000	£363,835	24% below HPI

4 OAK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maldon local authority area over time, sourced from the HPI. The three 4 OAK DRIVE sales between October 2014 and August 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 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 4 OAK DRIVE be worth now?

4 OAK DRIVE might now be worth an estimated £420,805.

This is based on house price deflation of 2.1%, between August 2023 and December 2024, for detached houses, in the Maldon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% deflationary decrease is applied to the most recent sale price for 4 OAK DRIVE of £430,000 on 18th August 2023. For the value to have decreased from £430,000 to £420,805 over the eight months to December 2024, the following assumptions must hold true:

• The value of 4 OAK DRIVE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The August 2023 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OAK DRIVE has not materially changed since August 2023.

How Large is 4 OAK DRIVE?

4 OAK DRIVE is 108m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 40% of detached houses houses in Southminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southminster, and where 4 OAK DRIVE lies on this distribution: 36% of detached houses houses are smaller than 4 OAK DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Southminster.

4 OAK DRIVE: Plot and Title Map

4 OAK DRIVE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 4 OAK 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 4 OAK 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 4 OAK DRIVE?

4 OAK DRIVE is located in SOUTHMINSTER, in the CM0 postcode district. The below map shows the position of No. 4 on OAK DRIVE.