18, WADLEY CLOSE, TIPTREE, COLCHESTER, CO5 0SL - £350,000

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

18 WADLEY CLOSE is a small extended detached house of 94m², built sometime between 1996 and 2002. It was last sold for £350,000 in February 2024, which was around 29% below the average February 2024 detached price in the Colchester local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

18 WADLEY CLOSE Sold Prices

Land registry data shows three sales for 18 WADLEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 18 WADLEY 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
2024 19 FEB	£350,000	£492,499	29% below HPI
2018 10 JUL	£300,000	£433,026	31% below HPI
2004 21 MAY	£200,000	£255,311	22% below HPI

18 WADLEY 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 three 18 WADLEY CLOSE sales between May 2004 and February 2024 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 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2024 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 18 WADLEY CLOSE?

18 WADLEY CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in April 2018. 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 18 WADLEY CLOSE lies on this distribution: 32% of detached houses are smaller than 18 WADLEY CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

18 WADLEY CLOSE: Plot and Title Map

18 WADLEY CLOSE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 18 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 18 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 18 WADLEY CLOSE?

18 WADLEY CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 18 on WADLEY CLOSE.