16, PARK ROAD, COLCHESTER, CO3 3UL - £795,000

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.

16 PARK ROAD is a very large detached house of 237m², built sometime between 1930 and 1949, which could now be worth an estimated £901,271. It was last sold for £795,000 in October 2018, which was around 80% above the average October 2018 detached price in the Colchester local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

16 PARK ROAD Sold Prices

Land registry data shows three sales for 16 PARK ROAD 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 16 PARK ROAD 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
2018 5 OCT	£795,000	£441,206	80% above HPI
2012 14 SEP	£630,000	£289,522	118% above HPI
2005 3 NOV	£570,000	£269,161	112% above HPI

16 PARK ROAD 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 16 PARK ROAD sales between November 2005 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 2012 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the October 2018 sale, where it falls to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 16 PARK ROAD be worth now?

16 PARK ROAD might now be worth an estimated £901,271.

This is based on house price inflation of 13.4%, between October 2018 and October 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 13.4% inflationary increase is applied to the most recent sale price for 16 PARK ROAD of £795,000 on 5th October 2018. For the value to have increased from £795,000 to £901,271 over the seven years to October 2025, the following assumptions must hold true:

• The value of 16 PARK ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2018 sale price of £795,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PARK ROAD has not materially changed since October 2018.

How Large is 16 PARK ROAD?

16 PARK ROAD is 237m² according to the EPC inspection conducted in January 2020. This puts it in the largest 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 16 PARK ROAD lies on this distribution: 98% of detached houses houses are smaller than 16 PARK ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Colchester.

16 PARK ROAD: Plot and Title Map

16 PARK ROAD sits on a plot of roughly 0.245 of an acre, or 993m². The below map shows the location of 16 PARK ROAD, 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 16 PARK ROAD). 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 16 PARK ROAD?

16 PARK ROAD is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 16 on PARK ROAD.