88, OAKWOOD AVENUE, WEST MERSEA, COLCHESTER, CO5 8AX - £320,000

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

88 OAKWOOD AVENUE is a very large detached house of 171m², built sometime between 1996 and 2002. It was last sold for £320,000 in June 2006, which was around 15% above the average June 2006 detached price in the Colchester local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

88 OAKWOOD AVENUE Sold Prices

Land registry data shows two sales for 88 OAKWOOD AVENUE 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 88 OAKWOOD AVENUE 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
2006 2 JUN	£320,000	£279,204	15% above HPI
1998 20 NOV	£160,000	£112,369	42% above HPI

88 OAKWOOD AVENUE 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 88 OAKWOOD AVENUE sales from November 1998 and June 2006 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 1998 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the June 2006 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 88 OAKWOOD AVENUE?

88 OAKWOOD AVENUE is 171m² according to the EPC inspection conducted in February 2011. This puts it in the largest 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 88 OAKWOOD AVENUE lies on this distribution: 84% of detached houses are smaller than 88 OAKWOOD AVENUE, and 16% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

88 OAKWOOD AVENUE: Plot and Title Map

88 OAKWOOD AVENUE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 88 OAKWOOD AVENUE, 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 88 OAKWOOD AVENUE). 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 88 OAKWOOD AVENUE?

88 OAKWOOD AVENUE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 88 on OAKWOOD AVENUE.