16, JAMES PARNELL DRIVE, COLCHESTER, CO2 8WR - £307,500

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.

16 JAMES PARNELL DRIVE is a large extended detached house of 109m², built sometime from 2007 onwards, which could now be worth an estimated £349,577. It was last sold for £307,500 in September 2018, which was around 30% below the average September 2018 detached price in the Colchester local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

16 JAMES PARNELL DRIVE Sold Prices

Land registry data shows two sales for 16 JAMES PARNELL 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 16 JAMES PARNELL 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
2018 28 SEP	£307,500	£441,789	30% below HPI
2007 2 OCT	£249,995	£305,977	18% below HPI

16 JAMES PARNELL 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 16 JAMES PARNELL DRIVE sales from October 2007 and September 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 October 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 16 JAMES PARNELL DRIVE be worth now?

16 JAMES PARNELL DRIVE might now be worth an estimated £349,577.

This is based on house price inflation of 13.7%, between September 2018 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 13.7% inflationary increase is applied to the most recent sale price for 16 JAMES PARNELL DRIVE of £307,500 on 28th September 2018. For the value to have increased from £307,500 to £349,577 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 JAMES PARNELL DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The September 2018 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 16 JAMES PARNELL DRIVE has not materially changed since September 2018.

How Large is 16 JAMES PARNELL DRIVE?

16 JAMES PARNELL DRIVE is 109m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 40% of detached houses houses in Berechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Berechurch, and where 16 JAMES PARNELL DRIVE lies on this distribution: 61% of detached houses houses are smaller than 16 JAMES PARNELL DRIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

16 JAMES PARNELL DRIVE: Plot and Title Map

16 JAMES PARNELL DRIVE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 16 JAMES PARNELL 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 16 JAMES PARNELL 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 16 JAMES PARNELL DRIVE?

16 JAMES PARNELL DRIVE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 16 on JAMES PARNELL DRIVE.