1, WADLEY CLOSE, TIPTREE, COLCHESTER, CO5 0SL - £298,000

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 WADLEY CLOSE is a small semi-detached house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £354,197. It was last sold for £298,000 in July 2020, which was around 7% above the average July 2020 semi-detached price in the Colchester local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

1 WADLEY CLOSE Sold Prices

Land registry data shows five sales for 1 WADLEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. Most of the five 1 WADLEY CLOSE sales were for above 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
2020 27 JUL	£298,000	£278,682	7% above HPI
2014 30 JUN	£240,000	£205,207	17% above HPI
2005 16 DEC	£175,000	£179,015	2% below HPI
2003 30 MAY	£165,000	£144,229	14% above HPI
2002 5 JUL	£58,750	£122,636	52% below HPI

1 WADLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The five 1 WADLEY CLOSE sales between July 2002 and July 2020 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 June 2014 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the July 2020 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 1 WADLEY CLOSE be worth now?

1 WADLEY CLOSE might now be worth an estimated £354,197.

This is based on house price inflation of 18.9%, between July 2020 and February 2025, for semi-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 18.9% inflationary increase is applied to the most recent sale price for 1 WADLEY CLOSE of £298,000 on 27th July 2020. For the value to have increased from £298,000 to £354,197 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 1 WADLEY CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The July 2020 sale price of £298,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WADLEY CLOSE has not materially changed since July 2020.

How Large is 1 WADLEY CLOSE?

1 WADLEY CLOSE is 86m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% of semi-detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tiptree, and where 1 WADLEY CLOSE lies on this distribution: 24% of semi-detached houses houses are smaller than 1 WADLEY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

1 WADLEY CLOSE: Plot and Title Map

1 WADLEY CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 1 WADLEY 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 WADLEY 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 WADLEY CLOSE?

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