5, EDWARD MARKE DRIVE, LANGENHOE, COLCHESTER, CO5 7LP - £560,000

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

5 EDWARD MARKE DRIVE is a midsized detached house of 135m², built sometime between 1991 and 1995, which could now be worth an estimated £556,509. It was last sold for £560,000 in June 2022, which was around 11% above the average June 2022 detached price in the Colchester local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

5 EDWARD MARKE DRIVE Sold Prices

Land registry data shows three sales for 5 EDWARD MARKE 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. Two of the three 5 EDWARD MARKE DRIVE sales were for above the average price, whilst one was 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
2022 20 JUN	£560,000	£505,393	11% above HPI
2007 16 FEB	£290,000	£295,306	2% below HPI
2003 1 SEP	£250,000	£237,955	5% above HPI

5 EDWARD MARKE 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 5 EDWARD MARKE DRIVE sales between September 2003 and June 2022 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 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2022 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 5 EDWARD MARKE DRIVE be worth now?

5 EDWARD MARKE DRIVE might now be worth an estimated £556,509.

This is based on house price deflation of 0.6%, between June 2022 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 0.6% deflationary decrease is applied to the most recent sale price for 5 EDWARD MARKE DRIVE of £560,000 on 20th June 2022. For the value to have decreased from £560,000 to £556,509 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 5 EDWARD MARKE DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2022 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 5 EDWARD MARKE DRIVE has not materially changed since June 2022.

How Large is 5 EDWARD MARKE DRIVE?

5 EDWARD MARKE DRIVE is 135m² according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses houses in Abberton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Abberton, and where 5 EDWARD MARKE DRIVE lies on this distribution: 55% of detached houses houses are smaller than 5 EDWARD MARKE DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Abberton.

5 EDWARD MARKE DRIVE: Plot and Title Map

5 EDWARD MARKE DRIVE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 5 EDWARD MARKE 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 EDWARD MARKE 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 EDWARD MARKE DRIVE?

5 EDWARD MARKE DRIVE is located in LANGENHOE, in the CO5 postcode district. The below map shows the position of No. 5 on EDWARD MARKE DRIVE.