18, JAMES PARNELL DRIVE, COLCHESTER, CO2 8WR - £270,000

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.

18 JAMES PARNELL DRIVE is a small detached house of 97m², built sometime from 2007 onwards, which could now be worth an estimated £309,533. It was last sold for £270,000 in July 2019, which was around 38% below the average July 2019 detached price in the Colchester local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

18 JAMES PARNELL DRIVE Sold Prices

Land registry data shows two sales for 18 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 18 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
2019 5 JUL	£270,000	£438,096	38% below HPI
2007 2 NOV	£232,500	£304,514	24% below HPI

18 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 18 JAMES PARNELL DRIVE sales from November 2007 and July 2019 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 November 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 18 JAMES PARNELL DRIVE be worth now?

18 JAMES PARNELL DRIVE might now be worth an estimated £309,533.

This is based on house price inflation of 14.6%, between July 2019 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 14.6% inflationary increase is applied to the most recent sale price for 18 JAMES PARNELL DRIVE of £270,000 on 5th July 2019. For the value to have increased from £270,000 to £309,533 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 18 JAMES PARNELL DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 18 JAMES PARNELL DRIVE has not materially changed since July 2019.

How Large is 18 JAMES PARNELL DRIVE?

18 JAMES PARNELL DRIVE is 97m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 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 18 JAMES PARNELL DRIVE lies on this distribution: 39% of detached houses houses are smaller than 18 JAMES PARNELL DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Berechurch.

18 JAMES PARNELL DRIVE: Plot and Title Map

18 JAMES PARNELL DRIVE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 18 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 18 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 18 JAMES PARNELL DRIVE?

18 JAMES PARNELL DRIVE is located in COLCHESTER, in the CO2 postcode district. The below map shows the position of No. 18 on JAMES PARNELL DRIVE.