16, WADLEY CLOSE, TIPTREE, COLCHESTER, CO5 0SL - £300,000

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.

16 WADLEY CLOSE is a small semi-detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £355,529. It was last sold for £300,000 in May 2018, which was around 7% above the average May 2018 semi-detached price in the Colchester local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

16 WADLEY CLOSE Sold Prices

Land registry data shows four sales for 16 WADLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. All of the four 16 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
2018 25 MAY	£300,000	£279,501	7% above HPI
2014 29 APR	£210,000	£200,726	5% above HPI
2012 17 DEC	£206,000	£187,121	10% above HPI
2003 21 NOV	£180,000	£150,668	19% above HPI

16 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 four 16 WADLEY CLOSE sales between November 2003 and May 2018 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 April 2014 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2018 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 16 WADLEY CLOSE be worth now?

16 WADLEY CLOSE might now be worth an estimated £355,529.

This is based on house price inflation of 18.5%, between May 2018 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 18.5% inflationary increase is applied to the most recent sale price for 16 WADLEY CLOSE of £300,000 on 25th May 2018. For the value to have increased from £300,000 to £355,529 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 16 WADLEY CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2018 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WADLEY CLOSE has not materially changed since May 2018.

How Large is 16 WADLEY CLOSE?

16 WADLEY CLOSE is 85m² according to the EPC inspection conducted in June 2012. 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 16 WADLEY CLOSE lies on this distribution: 23% of semi-detached houses houses are smaller than 16 WADLEY CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

16 WADLEY CLOSE: Plot and Title Map

16 WADLEY CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 16 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 16 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 16 WADLEY CLOSE?

16 WADLEY CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 16 on WADLEY CLOSE.