3, WEDGEWOOD DRIVE, COLCHESTER, CO4 5EX - £315,000

3 WEDGEWOOD DRIVE is a very small extended detached house of 80m², built sometime between 1996 and 2002. It was last sold for £315,000 in October 2021, which was around 36% below the average October 2021 detached price in the Colchester local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

3 WEDGEWOOD DRIVE Sold Prices

Land registry data shows four sales for 3 WEDGEWOOD DRIVE 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 3 WEDGEWOOD 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
2021 8 OCT	£315,000	£495,150	36% below HPI
2009 8 APR	£170,000	£228,501	26% below HPI
2006 15 SEP	£174,000	£283,645	39% below HPI
1996 17 MAY	£71,000	£89,086	20% below HPI

3 WEDGEWOOD 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 four 3 WEDGEWOOD DRIVE sales between May 1996 and October 2021 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 2009 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 3 WEDGEWOOD DRIVE?

3 WEDGEWOOD DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 3 WEDGEWOOD DRIVE lies on this distribution: 14% of detached houses are smaller than 3 WEDGEWOOD DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Colchester.

3 WEDGEWOOD DRIVE: Plot and Title Map

3 WEDGEWOOD DRIVE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 3 WEDGEWOOD 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 3 WEDGEWOOD 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 3 WEDGEWOOD DRIVE?

3 WEDGEWOOD DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 3 on WEDGEWOOD DRIVE.