38, NEW ROAD, TIPTREE, COLCHESTER, CO5 0HN - £285,000

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.

38 NEW ROAD is a very small extended semi-detached house of 77m², built sometime between 1930 and 1949, which could now be worth an estimated £340,215. It was last sold for £285,000 in May 2019, which was around 3% above the average May 2019 semi-detached price in the Colchester local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was C.

38 NEW ROAD Sold Prices

Land registry data shows two sales for 38 NEW ROAD 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 38 NEW ROAD sales was for above 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
2019 3 MAY	£285,000	£277,478	3% above HPI
2015 4 DEC	£194,000	£239,203	19% below HPI

38 NEW ROAD 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 38 NEW ROAD sales from December 2015 and May 2019 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 December 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2019 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 38 NEW ROAD be worth now?

38 NEW ROAD might now be worth an estimated £340,215.

This is based on house price inflation of 19.4%, between May 2019 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 19.4% inflationary increase is applied to the most recent sale price for 38 NEW ROAD of £285,000 on 3rd May 2019. For the value to have increased from £285,000 to £340,215 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 38 NEW ROAD has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The May 2019 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 38 NEW ROAD has not materially changed since May 2019.

How Large is 38 NEW ROAD?

38 NEW ROAD is 77m², which includes one extension, according to the EPC inspection conducted in August 2015. 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 38 NEW ROAD lies on this distribution: 13% of semi-detached houses houses are smaller than 38 NEW ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

38 NEW ROAD: Plot and Title Map

38 NEW ROAD sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 38 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 38 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 38 NEW ROAD?

38 NEW ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 38 on NEW ROAD.