15, PARK LANE, EARLS COLNE, COLCHESTER, CO6 2RJ - £1,280,000

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.

15 PARK LANE is a very large detached house of 243m², built sometime before 1900, which could now be worth an estimated £1,286,697. It was last sold for £1,280,000 in December 2022, which was around 123% above the average December 2022 detached price in the Braintree local authority area. The most recent EPC inspection was August 2013, where the current energy rating was F, and the potential energy rating was C.

15 PARK LANE Sold Prices

Land registry data shows two sales for 15 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. Both of the two 15 PARK LANE 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
2022 1 DEC	£1,280,000	£574,520	123% above HPI
2015 22 OCT	£850,000	£410,046	107% above HPI

15 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 15 PARK LANE sales from October 2015 and December 2022 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 October 2015 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the December 2022 sale, where it rises to 123% above the HPI. The line then continues to track at 123% above the HPI.

What might 15 PARK LANE be worth now?

15 PARK LANE might now be worth an estimated £1,286,697.

This is based on house price inflation of 0.5%, between December 2022 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 0.5% inflationary increase is applied to the most recent sale price for 15 PARK LANE of £1,280,000 on 1st December 2022. For the value to have increased from £1,280,000 to £1,286,697 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 PARK LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The December 2022 sale price of £1,280,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PARK LANE has not materially changed since December 2022.

How Large is 15 PARK LANE?

15 PARK LANE is 243m² according to the EPC inspection conducted in August 2013. This puts it in the largest 10% 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 15 PARK LANE lies on this distribution: 96% of detached houses houses are smaller than 15 PARK LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Earls Colne.

15 PARK LANE: Plot and Title Map

15 PARK LANE sits on a plot of roughly 0.535 of an acre, or 2,165m². The below map shows the location of 15 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 15 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 15 PARK LANE?

15 PARK LANE is located in EARLS COLNE, in the CO6 postcode district. The below map shows the position of No. 15 on PARK LANE.