28, WADLEY CLOSE, TIPTREE, COLCHESTER, CO5 0SL - £515,000

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.

28 WADLEY CLOSE is a large extended detached house of 132m², built sometime between 1996 and 2002, which could now be worth an estimated £512,306. It was last sold for £515,000 in July 2023, which was around 2% above the average July 2023 detached price in the Colchester local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

28 WADLEY CLOSE Sold Prices

Land registry data shows four sales for 28 WADLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. two of the four 28 WADLEY CLOSE sales were for above the average price, and four 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
2023 24 JUL	£515,000	£504,883	2% above HPI
2015 6 FEB	£307,500	£335,680	8% below HPI
2005 4 AUG	£272,500	£269,642	1% above HPI
2002 30 SEP	£184,995	£215,775	14% below HPI

28 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 four 28 WADLEY CLOSE sales between September 2002 and July 2023 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 February 2015 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2023 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 28 WADLEY CLOSE be worth now?

28 WADLEY CLOSE might now be worth an estimated £512,306.

This is based on house price deflation of 0.5%, between July 2023 and February 2025, for 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 0.5% deflationary decrease is applied to the most recent sale price for 28 WADLEY CLOSE of £515,000 on 24th July 2023. For the value to have decreased from £515,000 to £512,306 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 28 WADLEY CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2023 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 28 WADLEY CLOSE has not materially changed since July 2023.

How Large is 28 WADLEY CLOSE?

28 WADLEY CLOSE is 132m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiptree, and where 28 WADLEY CLOSE lies on this distribution: 69% of detached houses houses are smaller than 28 WADLEY CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

28 WADLEY CLOSE: Plot and Title Map

28 WADLEY CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 28 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 28 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 28 WADLEY CLOSE?

28 WADLEY CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 28 on WADLEY CLOSE.