8, GREEN LANE, TIPTREE, COLCHESTER, CO5 0DA - £196,000

8 GREEN LANE is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £196,000 in March 2013, which was around 32% below the average March 2013 detached price in the Colchester local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was B.

8 GREEN LANE Sold Prices

Land registry data shows two sales for 8 GREEN LANE 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 8 GREEN LANE sales were for below 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
2013 20 MAR	£196,000	£289,443	32% below HPI
2007 30 JUL	£235,000	£303,833	23% below HPI

8 GREEN LANE 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 8 GREEN LANE sales from July 2007 and March 2013 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 July 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2013 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 8 GREEN LANE?

8 GREEN LANE is 70m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 8 GREEN LANE lies on this distribution: 7% of detached houses are smaller than 8 GREEN LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

8 GREEN LANE: Plot and Title Map

8 GREEN LANE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 8 GREEN LANE, 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 8 GREEN LANE). 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 8 GREEN LANE?

8 GREEN LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 8 on GREEN LANE.