8, SPRINGFIELDS DRIVE, COLCHESTER, CO2 9TA - £240,000

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.

8 SPRINGFIELDS DRIVE is a small detached house of 91m², built sometime between 1991 and 1995, which could now be worth an estimated £393,111. It was last sold for £240,000 in September 2007, which was around 22% below the average September 2007 detached price in the Colchester local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

8 SPRINGFIELDS DRIVE Sold Prices

Land registry data shows one sale for 8 SPRINGFIELDS DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Colchester local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 18 SEP	£240,000	£307,655	22% below HPI

What might 8 SPRINGFIELDS DRIVE be worth now?

8 SPRINGFIELDS DRIVE might now be worth an estimated £393,111.

This is based on house price inflation of 63.8%, between September 2007 and April 2026, 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 63.8% inflationary increase is applied to the most recent sale price for 8 SPRINGFIELDS DRIVE of £240,000 on 18th September 2007. For the value to have increased from £240,000 to £393,111 over the nineteen years and five months to April 2026, the following assumptions must hold true:

• The value of 8 SPRINGFIELDS DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2007 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRINGFIELDS DRIVE has not materially changed since September 2007.

How Large is 8 SPRINGFIELDS DRIVE?

8 SPRINGFIELDS DRIVE is 91m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 8 SPRINGFIELDS DRIVE lies on this distribution: 27% of detached houses are smaller than 8 SPRINGFIELDS DRIVE, and 73% of detached houses are larger. Note that EPC data is not available for all properties in Colchester.

8 SPRINGFIELDS DRIVE: Plot

8 SPRINGFIELDS DRIVE sits on a plot of roughly 0.092 of an acre, or 374m².

Where is 8 SPRINGFIELDS DRIVE?

8 SPRINGFIELDS DRIVE is located in COLCHESTER, in the CO2 postcode district.