5, SPRING ROAD, TIPTREE, COLCHESTER, CO5 0BD - £272,000

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

5 SPRING ROAD is a small detached house of 84m², built sometime between 1950 and 1966. It was last sold for £272,000 in May 2006, which was around 3% below the average May 2006 detached price in the Colchester local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was D.

5 SPRING ROAD Sold Prices

Land registry data shows two sales for 5 SPRING 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 5 SPRING 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
2006 18 MAY	£272,000	£279,792	3% below HPI
1995 16 MAR	£79,000	£92,158	14% below HPI

5 SPRING 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 5 SPRING ROAD sales from March 1995 and May 2006 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 1995 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2006 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 5 SPRING ROAD?

5 SPRING ROAD is 84m² according to the EPC inspection conducted in January 2009. This puts it in the smallest 30% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 5 SPRING ROAD lies on this distribution: 23% of detached houses are smaller than 5 SPRING ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

5 SPRING ROAD: Plot and Title Map

5 SPRING ROAD sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of 5 SPRING 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 5 SPRING 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 5 SPRING ROAD?

5 SPRING ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 5 on SPRING ROAD.