3, NEW ROAD, TIPTREE, COLCHESTER, CO5 0HG - £247,000

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

3 NEW ROAD is a small extended detached house of 99m², built sometime between 1930 and 1949. It was last sold for £247,000 in August 2014, which was around 24% below the average August 2014 detached price in the Colchester local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

3 NEW ROAD Sold Prices

Land registry data shows three sales for 3 NEW ROAD 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 3 NEW 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
2014 15 AUG	£247,000	£323,948	24% below HPI
2010 21 JUL	£205,000	£281,998	27% below HPI
1996 7 JUN	£82,000	£90,353	9% below HPI

3 NEW 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 three 3 NEW ROAD sales between June 1996 and August 2014 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 July 2010 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2014 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 NEW ROAD?

3 NEW ROAD is 99m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 40% 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 NEW ROAD lies on this distribution: 37% of detached houses are smaller than 3 NEW ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

3 NEW ROAD: Plot and Title Map

3 NEW ROAD sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 3 NEW 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 NEW 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 NEW ROAD?

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