13, PARK LANE, EARLS COLNE, COLCHESTER, CO6 2RJ - £565,000

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.

13 PARK LANE is a very large extended detached house of 163m², built sometime before 1900, which could now be worth an estimated £659,404. It was last sold for £565,000 in July 2018, which was around 14% above the average July 2018 detached price in the Braintree local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

13 PARK LANE Sold Prices

Land registry data shows three sales for 13 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Two of the three 13 PARK LANE sales were for above the average price, whilst one 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
2018 20 JUL	£565,000	£494,844	14% above HPI
1997 22 AUG	£210,000	£106,244	98% above HPI
1995 18 AUG	£65,000	£98,433	34% below HPI

13 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 three 13 PARK LANE sales between August 1995 and July 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 August 1997 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the July 2018 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 13 PARK LANE be worth now?

13 PARK LANE might now be worth an estimated £659,404.

This is based on house price inflation of 16.7%, between July 2018 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 16.7% inflationary increase is applied to the most recent sale price for 13 PARK LANE of £565,000 on 20th July 2018. For the value to have increased from £565,000 to £659,404 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 13 PARK LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The July 2018 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 13 PARK LANE has not materially changed since July 2018.

How Large is 13 PARK LANE?

13 PARK LANE is 163m², which includes one extension, according to the EPC inspection conducted in August 2017. 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 13 PARK LANE lies on this distribution: 87% of detached houses houses are smaller than 13 PARK LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

13 PARK LANE: Plot and Title Map

13 PARK LANE sits on a plot of roughly 0.179 of an acre, or 726m². The below map shows the location of 13 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 13 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 13 PARK LANE?

13 PARK LANE is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 13 on PARK LANE.