9, PARK DRIVE, TIPTREE, COLCHESTER, CO5 0GW - £605,000

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

9 PARK DRIVE is a very large extended detached house of 213m², built sometime between 2003 and 2006. It was last sold for £605,000 in June 2016, which was around 56% above the average June 2016 detached price in the Colchester local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

9 PARK DRIVE Sold Prices

Land registry data shows two sales for 9 PARK 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 9 PARK DRIVE sales were for above 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
2016 24 JUN	£605,000	£387,332	56% above HPI
2006 24 FEB	£450,000	£275,510	63% above HPI

9 PARK 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 9 PARK DRIVE sales from February 2006 and June 2016 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 February 2006 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the June 2016 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is 9 PARK DRIVE?

9 PARK DRIVE is 213m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 10% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 9 PARK DRIVE lies on this distribution: 96% of detached houses are smaller than 9 PARK DRIVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

9 PARK DRIVE: Plot and Title Map

9 PARK DRIVE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 9 PARK 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 9 PARK 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 9 PARK DRIVE?

9 PARK DRIVE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 9 on PARK DRIVE.