6, OAK DRIVE, SOUTHMINSTER, CM0 7FH - £375,000

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.

6 OAK DRIVE is a midsized detached house of 118m², which could now be worth an estimated £459,110. It was last sold for £375,000 in February 2017, which was around 17% below the average February 2017 detached price in the Maldon local authority area. The most recent EPC inspection was June 2016, where the current energy rating was B, and the potential energy rating was A.

6 OAK DRIVE Sold Prices

Land registry data shows two sales for 6 OAK 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 Maldon local authority area for the corresponding sale date. Both of the two 6 OAK 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 6 FEB	£375,000	£451,605	17% below HPI
2016 28 JUN	£319,995	£407,252	21% below HPI

6 OAK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maldon local authority area over time, sourced from the HPI. The two 6 OAK DRIVE sales from June 2016 and February 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 June 2016 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 6 OAK DRIVE be worth now?

6 OAK DRIVE might now be worth an estimated £459,110.

This is based on house price inflation of 22.4%, between February 2017 and February 2025, for detached houses, in the Maldon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.4% inflationary increase is applied to the most recent sale price for 6 OAK DRIVE of £375,000 on 6th February 2017. For the value to have increased from £375,000 to £459,110 over the eight years to February 2025, the following assumptions must hold true:

• The value of 6 OAK DRIVE has moved in line with the HPI for detached houses in the Maldon local authority area.
• The February 2017 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 6 OAK DRIVE has not materially changed since February 2017.

How Large is 6 OAK DRIVE?

6 OAK DRIVE is 118m² according to the EPC inspection conducted in June 2016. This puts it in the largest 50% of detached houses houses in Southminster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southminster, and where 6 OAK DRIVE lies on this distribution: 48% of detached houses houses are smaller than 6 OAK DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Southminster.

6 OAK DRIVE: Plot and Title Map

6 OAK DRIVE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 6 OAK 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 6 OAK 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 6 OAK DRIVE?

6 OAK DRIVE is located in SOUTHMINSTER, in the CM0 postcode district. The below map shows the position of No. 6 on OAK DRIVE.