56 New Park Street, Colchester, CO1 2NA is a freehold terraced property built between 1976-1982. The property offers approximately 840 square feet of living space. In this location, properties of similar size usually have two bedrooms.

The estimated current market value of the property is £157,719 , which equates to approximately £188 per square foot. It was last sold on 26 Sep 2022 for £160,000. Since then, the value has decreased by £2,281, representing a 1.4% decrease, or approximately 0.4% per year.

The current estimated value of £157,719 is:

  • 21.8% lower than the average property price on New Park Street
  • 20.3% lower than the average in the CO1 2NA postcode area
  • and 51.0% lower than the average price for Colchester as a whole

Based on EPC inspection history, this property has been mostly owner-occupied (2 out of 3 inspections). This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 14 December 2022, the property was recorded as rented.

View sold house prices in CO1 2NA

Building approximate location

About Property

Type
Terraced House
Built
1976-1982
Interior Size
840 sq ft
Tenure
Freehold
Price (estimate)
£157,719
Price Per sq ft (estimate)
£188
Bedroom Count (estimate)
2 bedrooms

EPC Summary

56 New Park Street, Colchester, Essex, CO1 2NA has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 14 Dec 2022.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 28 Sep 2022, when the property was rated E. Since then, the rating has improved to C, with the energy efficiency score increasing by 64.3%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, coal to boiler and radiators, mains gas, improving energy efficiency from average to good.
  • The hot water system was changed from electric immersion, off-peak to from main system, with its energy efficiency improving from very poor to good.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, as built, partial insulation (assumed), improving energy efficiency from poor to average.
  • The windows were upgraded from partial double glazing to fully double glazed.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 200 mm loft insulation
Good
Walls
Cavity wall, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CO1 2NA

54 th / 55
Price Rank
20% lower than average
2 nd / 46
Size Rank
26% bigger than average
46 th / 46
Price Per Sq FT Rank
37% lower than average

Compared to other properties in CO1 2NA , this house's estimated value ranks 54th out of 55. Based on price per square foot, it ranks 46th out of 46 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 2nd out of 46 properties in its postcode area.

Sale History

Today
£157,719
streetscan.co.uk estimate
-1 %
26 Sep 2022
£160,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 764 sq ft
sale price: £220,000
sale date: 11 Nov 2022
rooms: 5
size: 721 sq ft
sale price: £163,750
sale date: 15 Dec 2021
rooms: 4
size: 764 sq ft
sale price: £165,000
sale date: 4 Nov 2020
rooms: 4
size: 753 sq ft
sale price: £150,000
sale date: 6 Mar 2020
rooms: 4
size: 775 sq ft
sale price: £185,000
sale date: 6 Dec 2019

Data Sources

The property at 56 New Park Street, Colchester, Essex, CO1 2NA appears once in the Land Registry records, with the transaction recorded on 26 Sep 2022. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 14 Dec 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.