37, PARSONS HEATH, COLCHESTER, CO4 3HT - £281,500

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.

37 PARSONS HEATH is a very small detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £328,078. It was last sold for £281,500 in May 2019, which was around 35% below the average May 2019 detached price in the Colchester local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

37 PARSONS HEATH Sold Prices

Land registry data shows three sales for 37 PARSONS HEATH 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. All of the three 37 PARSONS HEATH 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 29 MAY	£281,500	£430,938	35% below HPI
2006 14 SEP	£168,000	£284,424	41% below HPI
2001 30 NOV	£113,000	£176,693	36% below HPI

37 PARSONS HEATH 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 37 PARSONS HEATH sales between November 2001 and May 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 September 2006 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2019 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 37 PARSONS HEATH be worth now?

37 PARSONS HEATH might now be worth an estimated £328,078.

This is based on house price inflation of 16.5%, between May 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 16.5% inflationary increase is applied to the most recent sale price for 37 PARSONS HEATH of £281,500 on 29th May 2019. For the value to have increased from £281,500 to £328,078 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 37 PARSONS HEATH has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2019 sale price of £281,500 represented a fair market value for the property.
• The size, condition, and specification of 37 PARSONS HEATH has not materially changed since May 2019.

How Large is 37 PARSONS HEATH?

37 PARSONS HEATH is 85m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of detached houses houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colchester, and where 37 PARSONS HEATH lies on this distribution: 20% of detached houses houses are smaller than 37 PARSONS HEATH, and 79% of houses are larger. Note that EPC data is not available for all properties in Colchester.

37 PARSONS HEATH: Plot and Title Map

37 PARSONS HEATH sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 37 PARSONS HEATH, 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 37 PARSONS HEATH). 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 37 PARSONS HEATH?

37 PARSONS HEATH is located in COLCHESTER, in the CO4 postcode district. The below map shows the position of No. 37 on PARSONS HEATH.