1, TEW CLOSE, TIPTREE, COLCHESTER, CO5 0RW - £315,000

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.

1 TEW CLOSE is a small extended detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £361,804. It was last sold for £315,000 in April 2021, which was around 28% below the average April 2021 detached price in the Colchester local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

1 TEW CLOSE Sold Prices

Land registry data shows four sales for 1 TEW CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 1 TEW CLOSE 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
2021 30 APR	£315,000	£437,270	28% below HPI
2017 19 MAY	£299,000	£417,672	28% below HPI
2007 16 JAN	£209,500	£295,101	29% below HPI
2000 31 MAR	£94,250	£136,275	31% below HPI

1 TEW CLOSE 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 four 1 TEW CLOSE sales between March 2000 and April 2021 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 May 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2021 sale, which was also at 28% below the HPI.

What might 1 TEW CLOSE be worth now?

1 TEW CLOSE might now be worth an estimated £361,804.

This is based on house price inflation of 14.9%, between April 2021 and February 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 14.9% inflationary increase is applied to the most recent sale price for 1 TEW CLOSE of £315,000 on 30th April 2021. For the value to have increased from £315,000 to £361,804 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 1 TEW CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TEW CLOSE has not materially changed since April 2021.

How Large is 1 TEW CLOSE?

1 TEW CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% of detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiptree, and where 1 TEW CLOSE lies on this distribution: 23% of detached houses houses are smaller than 1 TEW CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

1 TEW CLOSE: Plot and Title Map

1 TEW CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 1 TEW CLOSE, 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 1 TEW CLOSE). 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 1 TEW CLOSE?

1 TEW CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 1 on TEW CLOSE.