5, CRAVEN DRIVE, COLCHESTER, CO4 9BE - £278,000

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

5 CRAVEN DRIVE is a very small detached house of 83m², built sometime between 1976 and 1982. It was last sold for £278,000 in January 2016, which was around 26% below the average January 2016 detached price in the Colchester local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

5 CRAVEN DRIVE Sold Prices

Land registry data shows two sales for 5 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 5 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
2016 25 JAN	£278,000	£377,002	26% below HPI
2006 23 AUG	£245,000	£282,194	13% below HPI

5 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 5 CRAVEN DRIVE sales from August 2006 and January 2016 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 August 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 CRAVEN DRIVE?

5 CRAVEN DRIVE is 83m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 5 CRAVEN DRIVE lies on this distribution: 18% of detached houses are smaller than 5 CRAVEN DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 CRAVEN DRIVE: Plot and Title Map

5 CRAVEN DRIVE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 5 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 5 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 5 CRAVEN DRIVE?

5 CRAVEN DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 5 on CRAVEN DRIVE.