2, TEW CLOSE, TIPTREE, COLCHESTER, CO5 0RW - £285,000

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 TEW CLOSE is a small extended detached house of 88m², built sometime between 1996 and 2002. It was last sold for £285,000 in December 2018, which was around 35% below the average December 2018 detached price in the Colchester local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

2 TEW CLOSE Sold Prices

Land registry data shows three sales for 2 TEW 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 2 TEW 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
2018 19 DEC	£285,000	£438,989	35% below HPI
2012 19 DEC	£190,000	£290,154	35% below HPI
1999 30 JUL	£92,950	£120,463	23% below HPI

2 TEW 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 2 TEW CLOSE sales between July 1999 and December 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 December 2012 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2018 sale, which was also at 35% below the HPI.

How Large is 2 TEW CLOSE?

2 TEW CLOSE is 88m², which includes two extensions, according to the EPC inspection conducted in June 2024. This puts it in the smallest 30% 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 TEW CLOSE lies on this distribution: 26% of detached houses are smaller than 2 TEW CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 TEW CLOSE: Plot and Title Map

2 TEW CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 2 TEW 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 2 TEW 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 2 TEW CLOSE?

2 TEW CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 2 on TEW CLOSE.