According to the public record, 111, Parr Drive, Colchester is a mid-century freehold house with 1,054 ft2 of internal area.
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.
111, Parr Drive, Colchester has 31 entries in the Land Registry database, most recently in June 2017 and a single entry in the EPC database dated January 2013.
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 111 Parr Drive Colchester as £372,158 and the rental value as £1,570 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 111 Parr Drive Colchester has decreased by £1,687 (0.5%) and its rental value has increased by £69 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 111, Parr Drive, Colchester is in very good condition we estimate a sale value of £390,766 and rental value of £1,648 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,107 and a rental value of £1,460 per month.
If you were able to purchase this property for the estimated value of £372,158, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,829 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 HM Land Registry, 111, Parr Drive, Colchester was last sold on 16 Jun 2017 for £320,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2017, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 111, Parr Drive, Colchester within a radius of 600 metres over the last 2 years.
The most recent example is 77, Parr Drive, Colchester, CO3 9EP, a Freehold house which sold for £157,500 in Jul 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, 111, Parr Drive, Colchester is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £2k less expensive than the average property in CO3.
111, Parr Drive, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jan 2013.
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 111, Parr Drive, Colchester is Colchester Town station which is 3.5 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 111, Parr Drive, Colchester, 54.9% of property is privately owned outright and 37.7% 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 111, Parr Drive, Colchester, 18.8% of residents are recorded as possessing school level qualifications and 29.2% 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 111, 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 111, Parr Drive, Colchester, 3.3% 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 111, Parr Drive, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.