DRIFTWOOD, IVY LANE, EAST MERSEA, COLCHESTER, CO5 8US - £549,995

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

DRIFTWOOD is a large detached house of 178m². It was last sold for £549,995 in October 2020, which was around 22% above the average October 2020 detached price in the Colchester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

DRIFTWOOD Sold Prices

Land registry data shows two sales for DRIFTWOOD 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 DRIFTWOOD 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
2020 8 OCT	£549,995	£449,794	22% above HPI
2017 20 APR	£480,000	£418,366	15% above HPI

DRIFTWOOD 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 DRIFTWOOD sales from April 2017 and October 2020 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 April 2017 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2020 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is DRIFTWOOD?

DRIFTWOOD is 178m² according to the EPC inspection conducted in March 2016. This puts it in the largest 40% of detached houses in East Mersea, based on EPC data. The below chart shows the distribution of detached houses by size in East Mersea, and where DRIFTWOOD lies on this distribution: 62% of detached houses are smaller than DRIFTWOOD, and 38% of houses are larger. Note that EPC data is not available for all properties in East Mersea.

DRIFTWOOD: Plot and Title Map

DRIFTWOOD sits on a plot of roughly 0.190 of an acre, or 770m². The below map shows the location of DRIFTWOOD, 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 DRIFTWOOD). 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 DRIFTWOOD?

DRIFTWOOD is located on IVY LANE in EAST MERSEA, in the CO5 postcode district. The below map shows the position of DRIFTWOOD on IVY LANE.