OAKRIDGE, WESTWOOD HILL, BRAISWICK, COLCHESTER, CO4 5BN - £647,000

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

OAKRIDGE is a very large detached house of 216m², built sometime between 1983 and 1990. It was last sold for £647,000 in March 2018, which was around 50% above the average March 2018 detached price in the Colchester local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

OAKRIDGE Sold Prices

Land registry data shows four sales for OAKRIDGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four OAKRIDGE 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
2018 2 MAR	£647,000	£431,085	50% above HPI
2015 18 MAY	£472,500	£347,968	36% above HPI
2004 22 APR	£382,000	£253,052	51% above HPI
1999 10 FEB	£190,000	£113,386	68% above HPI

OAKRIDGE 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 four OAKRIDGE sales between February 1999 and March 2018 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 May 2015 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the March 2018 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is OAKRIDGE?

OAKRIDGE is 216m² according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where OAKRIDGE lies on this distribution: 96% of detached houses are smaller than OAKRIDGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Colchester.

OAKRIDGE: Plot and Title Map

OAKRIDGE sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of OAKRIDGE, 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 OAKRIDGE). 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 OAKRIDGE?

OAKRIDGE is located on WESTWOOD HILL in BRAISWICK, in the CO4 postcode district. The below map shows the position of OAKRIDGE on WESTWOOD HILL.