6, OAKWOOD DRIVE, WEST MERSEA, COLCHESTER, CO5 8DP - £425,000

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

6 OAKWOOD DRIVE is a small extended detached house of 95m², built sometime between 1976 and 1982, which could now be worth an estimated £427,690. It was last sold for £425,000 in June 2022, which was around 16% below the average June 2022 detached price in the Colchester local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was B.

6 OAKWOOD DRIVE Sold Prices

Land registry data shows four sales for 6 OAKWOOD 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 6 OAKWOOD 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
2022 30 JUN	£425,000	£505,393	16% below HPI
2019 19 DEC	£360,000	£426,380	16% below HPI
2012 26 JUN	£230,000	£285,166	19% below HPI
2007 31 AUG	£219,995	£308,475	29% below HPI

6 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 four 6 OAKWOOD DRIVE sales between August 2007 and June 2022 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 December 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2022 sale, which was also at 16% below the HPI.

What might 6 OAKWOOD DRIVE be worth now?

6 OAKWOOD DRIVE might now be worth an estimated £427,690.

This is based on house price inflation of 0.6%, between June 2022 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 0.6% inflationary increase is applied to the most recent sale price for 6 OAKWOOD DRIVE of £425,000 on 30th June 2022. For the value to have increased from £425,000 to £427,690 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 6 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 6 OAKWOOD DRIVE has not materially changed since June 2022.

How Large is 6 OAKWOOD DRIVE?

6 OAKWOOD DRIVE is 95m², which includes two extensions, according to the EPC inspection conducted in November 2018. 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 6 OAKWOOD DRIVE lies on this distribution: 31% of detached houses houses are smaller than 6 OAKWOOD DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

6 OAKWOOD DRIVE: Plot and Title Map

6 OAKWOOD DRIVE sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 6 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 6 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 6 OAKWOOD DRIVE?

6 OAKWOOD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 6 on OAKWOOD DRIVE.