5A, OAKWOOD DRIVE, WEST MERSEA, COLCHESTER, CO5 8DP - £435,000

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.

5A OAKWOOD DRIVE is a very large detached house of 177m², built sometime between 1991 and 1995, which could now be worth an estimated £512,396. It was last sold for £435,000 in December 2019, which was around 2% above the average December 2019 detached price in the Colchester local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

5A OAKWOOD DRIVE Sold Prices

Land registry data shows six sales for 5A OAKWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. three of the six 5A OAKWOOD DRIVE sales were for above the average price, and six 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
2019 3 DEC	£435,000	£426,380	2% above HPI
2006 11 JAN	£166,000	£274,838	40% below HPI
2005 19 AUG	£316,667	£269,642	17% above HPI
2004 12 JAN	£249,995	£246,250	2% above HPI
2002 12 JUL	£195,000	£200,800	3% below HPI
1999 18 AUG	£60,000	£122,923	51% below HPI

5A OAKWOOD 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 six 5A OAKWOOD DRIVE sales between August 1999 and December 2019 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 January 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2019 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 5A OAKWOOD DRIVE be worth now?

5A OAKWOOD DRIVE might now be worth an estimated £512,396.

This is based on house price inflation of 17.8%, between December 2019 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 17.8% inflationary increase is applied to the most recent sale price for 5A OAKWOOD DRIVE of £435,000 on 3rd December 2019. For the value to have increased from £435,000 to £512,396 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 5A OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The December 2019 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 5A OAKWOOD DRIVE has not materially changed since December 2019.

How Large is 5A OAKWOOD DRIVE?

5A OAKWOOD DRIVE is 177m² according to the EPC inspection conducted in October 2018. This puts it in the largest 20% 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 5A OAKWOOD DRIVE lies on this distribution: 86% of detached houses houses are smaller than 5A OAKWOOD DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

5A OAKWOOD DRIVE: Plot and Title Map

5A OAKWOOD DRIVE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 5A OAKWOOD 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 5A OAKWOOD 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 5A OAKWOOD DRIVE?

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