PARSONS HILL HOUSE, BEECH HILL, COLCHESTER, CO3 4DU - £480,000

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.

PARSONS HILL HOUSE is a midsized detached house of 106m², built sometime between 1950 and 1966, which could now be worth an estimated £681,241. It was last sold for £480,000 in August 2015, which was around 36% above the average August 2015 detached price in the Colchester local authority area. The most recent EPC inspection was February 2009, where the current energy rating was E, and the potential energy rating was D.

PARSONS HILL HOUSE Sold Prices

Land registry data shows two sales for PARSONS HILL HOUSE 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 PARSONS HILL HOUSE 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
2015 6 AUG	£480,000	£353,878	36% above HPI
2009 28 AUG	£264,000	£260,373	1% above HPI

PARSONS HILL HOUSE 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 PARSONS HILL HOUSE sales from August 2009 and August 2015 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 2009 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2015 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might PARSONS HILL HOUSE be worth now?

PARSONS HILL HOUSE might now be worth an estimated £681,241.

This is based on house price inflation of 41.9%, between August 2015 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 41.9% inflationary increase is applied to the most recent sale price for PARSONS HILL HOUSE of £480,000 on 6th August 2015. For the value to have increased from £480,000 to £681,241 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of PARSONS HILL HOUSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The August 2015 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of PARSONS HILL HOUSE has not materially changed since August 2015.

How Large is PARSONS HILL HOUSE?

PARSONS HILL HOUSE is 106m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 50% 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 PARSONS HILL HOUSE lies on this distribution: 45% of detached houses houses are smaller than PARSONS HILL HOUSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Colchester.

PARSONS HILL HOUSE: Plot and Title Map

PARSONS HILL HOUSE sits on a plot of roughly 0.169 of an acre, or 683m². The below map shows the location of PARSONS HILL HOUSE, 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 PARSONS HILL HOUSE). 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 PARSONS HILL HOUSE?

PARSONS HILL HOUSE is located on BEECH HILL in COLCHESTER, in the CO3 postcode district. The below map shows the position of PARSONS HILL HOUSE on BEECH HILL.