7, OAKS DRIVE, COLCHESTER, CO3 3PR - £650,000

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

7 OAKS DRIVE is a large extended detached house of 139m², built sometime between 1967 and 1975. It was last sold for £650,000 in January 2024, which was around 29% above the average January 2024 detached price in the Colchester local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

7 OAKS DRIVE Sold Prices

Land registry data shows two sales for 7 OAKS 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 Colchester local authority area for the corresponding sale date. Both of the two 7 OAKS DRIVE sales were for above 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 15 JAN	£650,000	£503,803	29% above HPI
1997 23 JUL	£140,000	£98,262	42% above HPI

7 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 two 7 OAKS DRIVE sales from July 1997 and January 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 July 1997 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the January 2024 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 7 OAKS DRIVE?

7 OAKS DRIVE is 139m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the largest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 7 OAKS DRIVE lies on this distribution: 74% of detached houses are smaller than 7 OAKS DRIVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 OAKS DRIVE: Plot and Title Map

7 OAKS DRIVE sits on a plot of roughly 0.230 of an acre, or 929m². The below map shows the location of 7 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 7 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 7 OAKS DRIVE?

7 OAKS DRIVE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 7 on OAKS DRIVE.