According to the public record, 1, Parr Drive, Colchester is a mid-century freehold house with 827 ft2 of internal area and sits on a 329 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Parr Drive, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
1, Parr Drive, Colchester has 41 entries in the Land Registry database, most recently in December 2009 and a single entry in the EPC database dated September 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Parr Drive Colchester as £324,769 and the rental value as £1,463 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 1 Parr Drive Colchester has decreased by £1,472 (0.5%) and its rental value has increased by £64 per month (4.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Parr Drive, Colchester is in very good condition we estimate a sale value of £341,007 and rental value of £1,536 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £302,035 and a rental value of £1,360 per month.
If you were able to purchase this property for the estimated value of £324,769, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,596 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Parr Drive, Colchester sits on a plot of 329m2.
We have plot size data on 18 out of 29 other houses in the postcode and 1, Parr Drive, Colchester sits on the 13th largest plot.
According to HM Land Registry, 1, Parr Drive, Colchester was last sold on 22 Dec 2009 for £212,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Dec 2009, the market for similar properties has risen 74.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Parr Drive, Colchester within a radius of 610 metres over the last 2 years.
The most recent example is 99, Parr Drive, Colchester, CO3 9EP, a Freehold house which sold for £310,000 in Jan 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parr Drive, Colchester, CO3 has a total of 72 addresses. According to our analysis of all the public data, 1, Parr Drive, Colchester is the 55th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £49k less expensive than the average property in CO3.
1, Parr Drive, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Sep 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Parr Drive, Colchester is Colchester Town station which is 3.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Parr Drive, Colchester, 54.8% of property is privately owned outright and 33.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Parr Drive, Colchester, 17.1% of residents are recorded as possessing school level qualifications and 26.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Parr Drive, Colchester, the average age was 45.6 and the most common age was 52.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Parr Drive, Colchester, 1.9% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Parr Drive, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.