1, PARK DRIVE, BRIGHTLINGSEA, COLCHESTER, CO7 0JT - £295,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 PARK DRIVE is a very small detached house of 55m², built sometime between 1967 and 1975. It was last sold for £295,000 in June 2023, which was around 18% below the average June 2023 detached price in the Tendring local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

1 PARK DRIVE Sold Prices

Land registry data shows three sales for 1 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tendring local authority area for the corresponding sale date. All of the three 1 PARK 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
2023 23 JUN	£295,000	£360,466	18% below HPI
2021 24 SEP	£260,000	£328,899	21% below HPI
2015 17 AUG	£165,000	£233,790	29% below HPI

1 PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The three 1 PARK DRIVE sales between August 2015 and June 2023 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 September 2021 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 1 PARK DRIVE?

1 PARK DRIVE is 55m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses in Brightlingsea, based on EPC data. The below chart shows the distribution of detached houses by size in Brightlingsea, and where 1 PARK DRIVE lies on this distribution: 2% of detached houses are smaller than 1 PARK DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Brightlingsea.

1 PARK DRIVE: Plot and Title Map

1 PARK DRIVE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 1 PARK 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 1 PARK 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 1 PARK DRIVE?

1 PARK DRIVE is located in BRIGHTLINGSEA, in the CO7 postcode district. The below map shows the position of No. 1 on PARK DRIVE.