5, HOE DRIVE, COLCHESTER, CO3 4NS - £410,000

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 HOE DRIVE is a small extended detached house of 91m², built sometime between 1983 and 1990. It was last sold for £410,000 in January 2023, which was around 22% below the average January 2023 detached price in the Colchester local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

5 HOE DRIVE Sold Prices

Land registry data shows two sales for 5 HOE 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 HOE 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 26 JAN	£410,000	£525,879	22% below HPI
1998 4 FEB	£60,000	£103,877	42% below HPI

5 HOE 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 HOE DRIVE sales from February 1998 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 February 1998 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2023 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 HOE DRIVE?

5 HOE DRIVE is 91m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% 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 HOE DRIVE lies on this distribution: 28% of detached houses are smaller than 5 HOE DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 HOE DRIVE: Plot and Title Map

5 HOE DRIVE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 5 HOE 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 HOE 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 HOE DRIVE?

5 HOE DRIVE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 5 on HOE DRIVE.