28, PARK ROAD, WIVENHOE, COLCHESTER, CO7 9LS - £560,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

28 PARK ROAD is a large extended detached house of 136m², built sometime between 1967 and 1975. It was last sold for £560,000 in January 2022, which was around 15% above the average January 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

28 PARK ROAD Sold Prices

Land registry data shows three sales for 28 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Two of the three 28 PARK ROAD 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
2022 31 JAN	£560,000	£486,631	15% above HPI
2012 17 AUG	£291,500	£289,766	1% above HPI
2002 22 MAR	£178,000	£181,389	2% below HPI

28 PARK ROAD 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 three 28 PARK ROAD sales between March 2002 and January 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 August 2012 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 28 PARK ROAD?

28 PARK ROAD is 136m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 30% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where 28 PARK ROAD lies on this distribution: 76% of detached houses are smaller than 28 PARK ROAD, and 24% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

28 PARK ROAD: Plot and Title Map

28 PARK ROAD sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 28 PARK ROAD, 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 28 PARK ROAD). 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 28 PARK ROAD?

28 PARK ROAD is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 28 on PARK ROAD.