51, SPRINGHAM DRIVE, COLCHESTER, CO4 5FN - £274,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

51 SPRINGHAM DRIVE is a midsized semi-detached house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £404,559. It was last sold for £274,000 in May 2015, which was around 22% above the average May 2015 semi-detached price in the Colchester local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

51 SPRINGHAM DRIVE Sold Prices

Land registry data shows two sales for 51 SPRINGHAM DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. Both of the two 51 SPRINGHAM DRIVE 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
2015 7 MAY	£274,000	£224,340	22% above HPI
2005 30 JUN	£213,000	£177,056	20% above HPI

51 SPRINGHAM DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The two 51 SPRINGHAM DRIVE sales from June 2005 and May 2015 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 June 2005 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2015 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 51 SPRINGHAM DRIVE be worth now?

51 SPRINGHAM DRIVE might now be worth an estimated £404,559.

This is based on house price inflation of 47.6%, between May 2015 and February 2025, for semi-detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.6% inflationary increase is applied to the most recent sale price for 51 SPRINGHAM DRIVE of £274,000 on 7th May 2015. For the value to have increased from £274,000 to £404,559 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 51 SPRINGHAM DRIVE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2015 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of 51 SPRINGHAM DRIVE has not materially changed since May 2015.

How Large is 51 SPRINGHAM DRIVE?

51 SPRINGHAM DRIVE is 109m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 50% of semi-detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colchester, and where 51 SPRINGHAM DRIVE lies on this distribution: 47% of semi-detached houses houses are smaller than 51 SPRINGHAM DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Colchester.

51 SPRINGHAM DRIVE: Plot and Title Map

51 SPRINGHAM DRIVE sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 51 SPRINGHAM 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 51 SPRINGHAM 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 51 SPRINGHAM DRIVE?

51 SPRINGHAM DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 51 on SPRINGHAM DRIVE.