OAKBANK, ARDLEIGH ROAD, DEDHAM, COLCHESTER, CO7 6EG - £485,000

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

OAKBANK is a small extended detached house of 125m², built sometime between 1930 and 1949. It was last sold for £485,000 in September 2019, which was around 10% above the average September 2019 detached price in the Colchester local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was C.

OAKBANK Sold Prices

Land registry data shows two sales for OAKBANK 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 OAKBANK 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
2019 3 SEP	£485,000	£442,036	10% above HPI
1997 15 AUG	£154,000	£99,515	55% above HPI

OAKBANK 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 OAKBANK sales from August 1997 and September 2019 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 August 1997 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the September 2019 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is OAKBANK?

OAKBANK is 125m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% of detached houses in Lamb Corner, based on EPC data. The below chart shows the distribution of detached houses by size in Lamb Corner, and where OAKBANK lies on this distribution: 33% of detached houses are smaller than OAKBANK, and 67% of houses are larger. Note that EPC data is not available for all properties in Lamb Corner.

OAKBANK: Plot and Title Map

OAKBANK sits on a plot of roughly 0.377 of an acre, or 1,526m². The below map shows the location of OAKBANK, 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 OAKBANK). 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 OAKBANK?

OAKBANK is located on ARDLEIGH ROAD in DEDHAM, in the CO7 postcode district. The below map shows the position of OAKBANK on ARDLEIGH ROAD.