77, SPRINGHAM DRIVE, COLCHESTER, CO4 5FN - £215,000

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.

77 SPRINGHAM DRIVE is a very small terraced house of 59m², built sometime between 2003 and 2006, which could now be worth an estimated £253,768. It was last sold for £215,000 in April 2018, which was around 4% below the average April 2018 terraced price in the Colchester local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was A.

77 SPRINGHAM DRIVE Sold Prices

Land registry data shows three sales for 77 SPRINGHAM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Two of the three 77 SPRINGHAM DRIVE sales were for below the average price, whilst one was 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 6 APR	£215,000	£225,002	4% below HPI
2007 25 APR	£156,000	£158,469	2% below HPI
2004 30 JUN	£140,125	£131,884	6% above HPI

77 SPRINGHAM DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The three 77 SPRINGHAM DRIVE sales between June 2004 and April 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 April 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the April 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 77 SPRINGHAM DRIVE be worth now?

77 SPRINGHAM DRIVE might now be worth an estimated £253,768.

This is based on house price inflation of 18%, between April 2018 and May 2026, for terraced 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 18% inflationary increase is applied to the most recent sale price for 77 SPRINGHAM DRIVE of £215,000 on 6th April 2018. For the value to have increased from £215,000 to £253,768 over the seven years and eleven months to May 2026, the following assumptions must hold true:

• The value of 77 SPRINGHAM DRIVE has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The April 2018 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 77 SPRINGHAM DRIVE has not materially changed since April 2018.

How Large is 77 SPRINGHAM DRIVE?

77 SPRINGHAM DRIVE is 59m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of terraced houses houses in Colchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Colchester, and where 77 SPRINGHAM DRIVE lies on this distribution: 2% of terraced houses houses are smaller than 77 SPRINGHAM DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Colchester.

77 SPRINGHAM DRIVE: Plot and Title Map

77 SPRINGHAM DRIVE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 77 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 77 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 77 SPRINGHAM DRIVE?

77 SPRINGHAM DRIVE is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 77 on SPRINGHAM DRIVE.