7, OAKWOOD DRIVE, WEST MERSEA, COLCHESTER, CO5 8DP - £407,500

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 OAKWOOD DRIVE is a very small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £407,500 in August 2022, which was around 20% below the average August 2022 detached price in the Colchester local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was A.

7 OAKWOOD DRIVE Sold Prices

Land registry data shows three sales for 7 OAKWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 7 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 8 AUG	£407,500	£511,451	20% below HPI
2017 20 NOV	£310,000	£432,437	28% below HPI
2004 4 FEB	£178,000	£247,816	28% below HPI

7 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 three 7 OAKWOOD DRIVE sales between February 2004 and August 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 November 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 7 OAKWOOD DRIVE?

7 OAKWOOD DRIVE is 76m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in West Mersea, and where 7 OAKWOOD DRIVE lies on this distribution: 13% of detached houses are smaller than 7 OAKWOOD DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

7 OAKWOOD DRIVE: Plot and Title Map

7 OAKWOOD DRIVE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 7 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 7 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 7 OAKWOOD DRIVE?

7 OAKWOOD DRIVE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 7 on OAKWOOD DRIVE.