3, MORLEY ROAD, TIPTREE, COLCHESTER, CO5 0AA - £360,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 MORLEY ROAD is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £360,000 in July 2020, which was around 16% below the average July 2020 detached price in the Colchester local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

3 MORLEY ROAD Sold Prices

Land registry data shows four sales for 3 MORLEY ROAD 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. All of the four 3 MORLEY 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 2 JUL	£360,000	£430,324	16% below HPI
2005 16 MAR	£215,000	£265,289	19% below HPI
1999 1 OCT	£110,000	£125,966	13% below HPI
1999 25 JUN	£75,000	£116,881	36% below HPI

3 MORLEY 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 four 3 MORLEY ROAD sales between June 1999 and July 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 March 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 MORLEY ROAD?

3 MORLEY ROAD is 70m² according to the EPC inspection conducted in January 2020. 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 3 MORLEY ROAD lies on this distribution: 7% of detached houses are smaller than 3 MORLEY ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

3 MORLEY ROAD: Plot and Title Map

3 MORLEY ROAD sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 3 MORLEY 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 MORLEY 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 MORLEY ROAD?

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