51, OAKS DRIVE, COLCHESTER, CO3 3PS - £505,000

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

51 OAKS DRIVE is a large detached house of 126m², built sometime between 1976 and 1982. It was last sold for £505,000 in August 2021, which was around 11% above the average August 2021 detached price in the Colchester local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

51 OAKS DRIVE Sold Prices

Land registry data shows three sales for 51 OAKS 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 51 OAKS 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
2021 12 AUG	£505,000	£456,042	11% above HPI
2013 9 SEP	£275,000	£299,937	8% below HPI
2004 6 FEB	£271,000	£247,816	9% above HPI

51 OAKS 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 51 OAKS DRIVE sales between February 2004 and August 2021 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 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 51 OAKS DRIVE?

51 OAKS DRIVE is 126m² according to the EPC inspection conducted in June 2021. This puts it in the largest 40% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 51 OAKS DRIVE lies on this distribution: 65% of detached houses are smaller than 51 OAKS DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Colchester.

51 OAKS DRIVE: Plot and Title Map

51 OAKS DRIVE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 51 OAKS 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 51 OAKS 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 51 OAKS DRIVE?

51 OAKS DRIVE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 51 on OAKS DRIVE.