10, LAVENDER CLOSE, TIPTREE, COLCHESTER, CO5 0BG - £91,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

10 LAVENDER CLOSE is a small detached house of 98m², built sometime between 1967 and 1975. It was last sold for £91,000 in July 1999, which was around 24% below the average July 1999 detached price in the Colchester local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

10 LAVENDER CLOSE Sold Prices

Land registry data shows two sales for 10 LAVENDER CLOSE 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 10 LAVENDER 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
1999 29 JUL	£91,000	£120,463	24% below HPI
1997 27 MAR	£60,000	£92,966	35% below HPI

10 LAVENDER 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 two 10 LAVENDER CLOSE sales from March 1997 and July 1999 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 March 1997 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 1999 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 10 LAVENDER CLOSE?

10 LAVENDER CLOSE is 98m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 10 LAVENDER CLOSE lies on this distribution: 36% of detached houses are smaller than 10 LAVENDER CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

10 LAVENDER CLOSE: Plot and Title Map

10 LAVENDER CLOSE sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of 10 LAVENDER 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 10 LAVENDER 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 10 LAVENDER CLOSE?

10 LAVENDER CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 10 on LAVENDER CLOSE.