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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 PARR DRIVE is a very small detached house of 69m², built sometime between 1950 and 1966. 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	£439,997	17% below HPI
2014 26 SEP	£245,000	£327,175	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.

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 in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 8 PARR DRIVE lies on this distribution: 6% of detached 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.