8, PARR DRIVE, COLCHESTER, CO3 9EN - £364,500

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.

8 PARR DRIVE is a very small detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £414,925. It was last sold for £364,500 in October 2018, which was around 17% below the average October 2018 detached price in the Colchester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

8 PARR DRIVE Sold Prices

Land registry data shows two sales for 8 PARR 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 8 PARR 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 4 OCT	£364,500	£441,206	17% below HPI
2014 26 SEP	£245,000	£328,074	25% below HPI

8 PARR 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 8 PARR DRIVE sales from September 2014 and October 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 September 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 PARR DRIVE be worth now?

8 PARR DRIVE might now be worth an estimated £414,925.

This is based on house price inflation of 13.8%, between October 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 13.8% inflationary increase is applied to the most recent sale price for 8 PARR DRIVE of £364,500 on 4th October 2018. For the value to have increased from £364,500 to £414,925 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 PARR DRIVE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2018 sale price of £364,500 represented a fair market value for the property.
• The size, condition, and specification of 8 PARR DRIVE has not materially changed since October 2018.

How Large is 8 PARR DRIVE?

8 PARR DRIVE is 69m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% 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 8 PARR DRIVE lies on this distribution: 6% of detached houses houses are smaller than 8 PARR DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Colchester.

8 PARR DRIVE: Plot and Title Map

8 PARR DRIVE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 8 PARR 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 8 PARR 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 8 PARR DRIVE?

8 PARR DRIVE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 8 on PARR DRIVE.