14, PARK DRIVE, TIPTREE, COLCHESTER, CO5 0GW - £389,995

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.

14 PARK DRIVE is a very large extended detached house of 188m², built sometime between 2003 and 2006, which could now be worth an estimated £678,497. It was last sold for £389,995 in September 2010, which was around 35% above the average September 2010 detached price in the Colchester local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

14 PARK DRIVE Sold Prices

Land registry data shows two sales for 14 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 14 PARK DRIVE sales were 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
2010 3 SEP	£389,995	£288,685	35% above HPI
2006 26 MAY	£368,500	£280,561	31% above HPI

14 PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The two 14 PARK DRIVE sales from May 2006 and September 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 May 2006 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2010 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 14 PARK DRIVE be worth now?

14 PARK DRIVE might now be worth an estimated £678,497.

This is based on house price inflation of 74%, between September 2010 and February 2025, 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 74% inflationary increase is applied to the most recent sale price for 14 PARK DRIVE of £389,995 on 3rd September 2010. For the value to have increased from £389,995 to £678,497 over the fifteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 14 PARK DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2010 sale price of £389,995 represented a fair market value for the property.
• The size, condition, and specification of 14 PARK DRIVE has not materially changed since September 2010.

How Large is 14 PARK DRIVE?

14 PARK DRIVE is 188m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the largest 10% of detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiptree, and where 14 PARK DRIVE lies on this distribution: 92% of detached houses houses are smaller than 14 PARK DRIVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

14 PARK DRIVE: Plot and Title Map

14 PARK DRIVE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 14 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 14 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 14 PARK DRIVE?

14 PARK DRIVE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 14 on PARK DRIVE.