4, OAKWOOD DRIVE, WEST MERSEA, COLCHESTER, CO5 8DP - £380,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 OAKWOOD DRIVE is a small detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £447,610. It was last sold for £380,000 in December 2019, which was around 11% below the average December 2019 detached price in the Colchester local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

4 OAKWOOD DRIVE Sold Prices

Land registry data shows three sales for 4 OAKWOOD 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 4 OAKWOOD 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
2019 16 DEC	£380,000	£426,380	11% below HPI
2007 2 FEB	£249,995	£295,306	15% below HPI
2005 21 JUL	£214,000	£269,597	21% below HPI

4 OAKWOOD 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 4 OAKWOOD DRIVE sales between July 2005 and December 2019 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 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 4 OAKWOOD DRIVE be worth now?

4 OAKWOOD DRIVE might now be worth an estimated £447,610.

This is based on house price inflation of 17.8%, between December 2019 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for 4 OAKWOOD DRIVE of £380,000 on 16th December 2019. For the value to have increased from £380,000 to £447,610 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2019 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OAKWOOD DRIVE has not materially changed since December 2019.

How Large is 4 OAKWOOD DRIVE?

4 OAKWOOD DRIVE is 100m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 40% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 4 OAKWOOD DRIVE lies on this distribution: 35% of detached houses houses are smaller than 4 OAKWOOD DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

4 OAKWOOD DRIVE: Plot and Title Map

4 OAKWOOD DRIVE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 4 OAKWOOD 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 OAKWOOD 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 OAKWOOD DRIVE?

4 OAKWOOD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 4 on OAKWOOD DRIVE.