1, PARK LANE, EARLS COLNE, COLCHESTER, CO6 2RJ - £380,000

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.

1 PARK LANE is a very large extended detached house of 148m², built sometime before 1900, which could now be worth an estimated £670,299. It was last sold for £380,000 in August 2010, which was around 16% above the average August 2010 detached price in the Braintree local authority area. The most recent EPC inspection was April 2009, where the current energy rating was F, and the potential energy rating was E.

1 PARK LANE Sold Prices

Land registry data shows two sales for 1 PARK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. One of the two 1 PARK LANE sales was for above the average price, whilst the other was 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
2010 13 AUG	£380,000	£327,406	16% above HPI
2007 25 JUL	£295,000	£333,601	12% below HPI

1 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two 1 PARK LANE sales from July 2007 and August 2010 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 July 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2010 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 1 PARK LANE be worth now?

1 PARK LANE might now be worth an estimated £670,299.

This is based on house price inflation of 76.4%, between August 2010 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76.4% inflationary increase is applied to the most recent sale price for 1 PARK LANE of £380,000 on 13th August 2010. For the value to have increased from £380,000 to £670,299 over the fifteen years and six months to February 2025, the following assumptions must hold true:

• The value of 1 PARK LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The August 2010 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PARK LANE has not materially changed since August 2010.

How Large is 1 PARK LANE?

1 PARK LANE is 148m², which includes two extensions, according to the EPC inspection conducted in April 2009. This puts it in the largest 20% of detached houses houses in Earls Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earls Colne, and where 1 PARK LANE lies on this distribution: 82% of detached houses houses are smaller than 1 PARK LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

1 PARK LANE: Plot and Title Map

1 PARK LANE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 1 PARK LANE, 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 LANE). 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 LANE?

1 PARK LANE is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 1 on PARK LANE.