3, LAVENDER CLOSE, TIPTREE, COLCHESTER, CO5 0BG - £320,000

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.

3 LAVENDER CLOSE is a very small semi-detached house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £330,892. It was last sold for £320,000 in May 2024, which was about the average May 2024 semi-detached price in the Colchester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was B, and the potential energy rating was A.

3 LAVENDER CLOSE Sold Prices

Land registry data shows two sales for 3 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. One of the two 3 LAVENDER CLOSE sales was roughly equal to the average price, whilst the other was 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 3 MAY	£320,000	£320,333	Close to HPI
2005 2 SEP	£161,000	£176,130	9% below HPI

3 LAVENDER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The two 3 LAVENDER CLOSE sales from September 2005 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 September 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 LAVENDER CLOSE be worth now?

3 LAVENDER CLOSE might now be worth an estimated £330,892.

This is based on house price inflation of 3.4%, between May 2024 and February 2025, for semi-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 3.4% inflationary increase is applied to the most recent sale price for 3 LAVENDER CLOSE of £320,000 on 3rd May 2024. For the value to have increased from £320,000 to £330,892 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 3 LAVENDER CLOSE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LAVENDER CLOSE has not materially changed since May 2024.

How Large is 3 LAVENDER CLOSE?

3 LAVENDER CLOSE is 81m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of semi-detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tiptree, and where 3 LAVENDER CLOSE lies on this distribution: 18% of semi-detached houses houses are smaller than 3 LAVENDER CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

3 LAVENDER CLOSE: Plot and Title Map

3 LAVENDER CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 3 LAVENDER 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 3 LAVENDER 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 3 LAVENDER CLOSE?

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