2, SPINNEYFIELDS, BARBROOK LANE, TIPTREE, COLCHESTER, CO5 0EE - £380,000

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

2 SPINNEYFIELDS is a very small detached house of 54m², built sometime between 1976 and 1982. It was last sold for £380,000 in May 2024, which was around 23% below the average May 2024 detached price in the Colchester local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

2 SPINNEYFIELDS Sold Prices

Land registry data shows two sales for 2 SPINNEYFIELDS 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 2 SPINNEYFIELDS 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 7 MAY	£380,000	£496,549	23% below HPI
2008 25 JAN	£280,000	£310,128	10% below HPI

2 SPINNEYFIELDS 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 2 SPINNEYFIELDS sales from January 2008 and May 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 January 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2024 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 SPINNEYFIELDS?

2 SPINNEYFIELDS is 54m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 2 SPINNEYFIELDS lies on this distribution: Less than 1% of detached houses are smaller than 2 SPINNEYFIELDS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 SPINNEYFIELDS: Plot and Title Map

2 SPINNEYFIELDS sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 2 SPINNEYFIELDS, 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 2 SPINNEYFIELDS). 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 2 SPINNEYFIELDS?

2 SPINNEYFIELDS is located on BARBROOK LANE in TIPTREE, in the CO5 postcode district. The below map shows the position of 2 SPINNEYFIELDS on BARBROOK LANE.