5, WOODFIELD DRIVE, WEST MERSEA, COLCHESTER, CO5 8PX - £355,000

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.

5 WOODFIELD DRIVE is a small detached house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £426,880. It was last sold for £355,000 in May 2017, which was around 15% below the average May 2017 detached price in the Colchester local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

5 WOODFIELD DRIVE Sold Prices

Land registry data shows four sales for 5 WOODFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 5 WOODFIELD 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
2017 19 MAY	£355,000	£417,672	15% below HPI
2010 17 SEP	£249,950	£288,685	13% below HPI
2009 17 JUL	£199,995	£253,286	21% below HPI
2004 21 SEP	£189,000	£263,853	28% below HPI

5 WOODFIELD 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 four 5 WOODFIELD DRIVE sales between September 2004 and May 2017 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 September 2010 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2017 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 WOODFIELD DRIVE be worth now?

5 WOODFIELD DRIVE might now be worth an estimated £426,880.

This is based on house price inflation of 20.2%, between May 2017 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 20.2% inflationary increase is applied to the most recent sale price for 5 WOODFIELD DRIVE of £355,000 on 19th May 2017. For the value to have increased from £355,000 to £426,880 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 5 WOODFIELD DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2017 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WOODFIELD DRIVE has not materially changed since May 2017.

How Large is 5 WOODFIELD DRIVE?

5 WOODFIELD DRIVE is 86m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 30% 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 5 WOODFIELD DRIVE lies on this distribution: 21% of detached houses houses are smaller than 5 WOODFIELD DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

5 WOODFIELD DRIVE: Plot and Title Map

5 WOODFIELD DRIVE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 5 WOODFIELD 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 WOODFIELD 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 WOODFIELD DRIVE?

5 WOODFIELD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 5 on WOODFIELD DRIVE.