3, BLUE ROAD, TIPTREE, COLCHESTER, CO5 0TY - £372,500

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.

3 BLUE ROAD is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £430,289. It was last sold for £372,500 in June 2020, which was around 14% below the average June 2020 detached price in the Colchester local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

3 BLUE ROAD Sold Prices

Land registry data shows two sales for 3 BLUE ROAD 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 3 BLUE ROAD 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
2020 15 JUN	£372,500	£434,790	14% below HPI
2016 17 FEB	£259,000	£375,769	31% below HPI

3 BLUE ROAD 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 3 BLUE ROAD sales from February 2016 and June 2020 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 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 BLUE ROAD be worth now?

3 BLUE ROAD might now be worth an estimated £430,289.

This is based on house price inflation of 15.5%, between June 2020 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 15.5% inflationary increase is applied to the most recent sale price for 3 BLUE ROAD of £372,500 on 15th June 2020. For the value to have increased from £372,500 to £430,289 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 3 BLUE ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2020 sale price of £372,500 represented a fair market value for the property.
• The size, condition, and specification of 3 BLUE ROAD has not materially changed since June 2020.

How Large is 3 BLUE ROAD?

3 BLUE ROAD is 68m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% 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 3 BLUE ROAD lies on this distribution: 5% of detached houses houses are smaller than 3 BLUE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

3 BLUE ROAD: Plot and Title Map

3 BLUE ROAD sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 3 BLUE ROAD, 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 3 BLUE ROAD). 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 3 BLUE ROAD?

3 BLUE ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 3 on BLUE ROAD.