7, KOMODO DRIVE, STANWAY, COLCHESTER, CO3 8DE - £415,000

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.

7 KOMODO DRIVE is a midsized detached house of 112m², which could now be worth an estimated £449,367. It was last sold for £415,000 in September 2021, which was around 11% below the average September 2021 detached price in the Colchester local authority area. The most recent EPC inspection was May 2020, where the current energy rating was B, and the potential energy rating was A.

7 KOMODO DRIVE Sold Prices

Land registry data shows two sales for 7 KOMODO DRIVE 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 7 KOMODO 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 16 SEP	£415,000	£463,831	11% below HPI
2020 29 MAY	£340,000	£428,933	21% below HPI

7 KOMODO 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 two 7 KOMODO DRIVE sales from May 2020 and September 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 May 2020 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 7 KOMODO DRIVE be worth now?

7 KOMODO DRIVE might now be worth an estimated £449,367.

This is based on house price inflation of 8.3%, between September 2021 and February 2025, for 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 8.3% inflationary increase is applied to the most recent sale price for 7 KOMODO DRIVE of £415,000 on 16th September 2021. For the value to have increased from £415,000 to £449,367 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 KOMODO DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2021 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 7 KOMODO DRIVE has not materially changed since September 2021.

How Large is 7 KOMODO DRIVE?

7 KOMODO DRIVE is 112m² according to the EPC inspection conducted in May 2020. This puts it in the largest 50% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 7 KOMODO DRIVE lies on this distribution: 50% of detached houses houses are smaller than 7 KOMODO DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Colchester.

7 KOMODO DRIVE: Plot and Title Map

7 KOMODO DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 7 KOMODO 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 7 KOMODO 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 7 KOMODO DRIVE?

7 KOMODO DRIVE is located in STANWAY, in the CO3 postcode district. The below map shows the position of No. 7 on KOMODO DRIVE.