43, OAK ROAD, TIPTREE, COLCHESTER, CO5 0NE - £220,000

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

43 OAK ROAD is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £220,000 in April 2020, which was around 49% below the average April 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.

43 OAK ROAD Sold Prices

Land registry data shows two sales for 43 OAK 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 43 OAK 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 24 APR	£220,000	£427,871	49% below HPI
2011 4 NOV	£137,000	£285,979	52% below HPI

43 OAK 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 43 OAK ROAD sales from November 2011 and April 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 November 2011 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the April 2020 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 43 OAK ROAD?

43 OAK 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 43 OAK ROAD lies on this distribution: 7% of detached houses are smaller than 43 OAK ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

43 OAK ROAD: Plot and Title Map

43 OAK ROAD sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 43 OAK 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 43 OAK 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 43 OAK ROAD?

43 OAK ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 43 on OAK ROAD.