56, OAKWOOD AVENUE, WEST MERSEA, COLCHESTER, CO5 8AX - £435,000

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

56 OAKWOOD AVENUE is a small detached house of 104m², built sometime between 1983 and 1990. It was last sold for £435,000 in June 2024, which was around 12% below the average June 2024 detached price in the Colchester local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

56 OAKWOOD AVENUE Sold Prices

Land registry data shows two sales for 56 OAKWOOD AVENUE 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 56 OAKWOOD AVENUE 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
2024 13 JUN	£435,000	£495,873	12% below HPI
2021 13 SEP	£385,000	£463,831	17% below HPI

56 OAKWOOD AVENUE 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 56 OAKWOOD AVENUE sales from September 2021 and June 2024 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 2021 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 56 OAKWOOD AVENUE be worth now?

56 OAKWOOD AVENUE might now be worth an estimated £446,158.

This is based on house price inflation of 2.6%, between June 2024 and December 2024, 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 2.6% inflationary increase is applied to the most recent sale price for 56 OAKWOOD AVENUE of £435,000 on 13th June 2024. For the value to have increased from £435,000 to £446,158 over the six months to December 2024, the following assumptions must hold true:

• The value of 56 OAKWOOD AVENUE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2024 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 56 OAKWOOD AVENUE has not materially changed since June 2024.

How Large is 56 OAKWOOD AVENUE?

56 OAKWOOD AVENUE is 104m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% 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 56 OAKWOOD AVENUE lies on this distribution: 38% of detached houses houses are smaller than 56 OAKWOOD AVENUE, and 61% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

56 OAKWOOD AVENUE: Plot and Title Map

56 OAKWOOD AVENUE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 56 OAKWOOD AVENUE, 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 56 OAKWOOD AVENUE). 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 56 OAKWOOD AVENUE?

56 OAKWOOD AVENUE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 56 on OAKWOOD AVENUE.