51, WILKIN DRIVE, TIPTREE, COLCHESTER, CO5 0RS - £320,000

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

51 WILKIN DRIVE is a very small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £320,000 in December 2020, which was around 30% below the average December 2020 detached price in the Colchester local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

51 WILKIN DRIVE Sold Prices

Land registry data shows three sales for 51 WILKIN DRIVE 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 51 WILKIN DRIVE 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 11 DEC	£320,000	£456,805	30% below HPI
2018 22 JUN	£280,000	£432,030	35% below HPI
2002 16 AUG	£138,950	£205,075	32% below HPI

51 WILKIN DRIVE 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 51 WILKIN DRIVE sales between August 2002 and December 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 June 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2020 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 51 WILKIN DRIVE?

51 WILKIN DRIVE is 76m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 51 WILKIN DRIVE lies on this distribution: 13% of detached houses are smaller than 51 WILKIN DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

51 WILKIN DRIVE: Plot and Title Map

51 WILKIN DRIVE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 51 WILKIN DRIVE, 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 51 WILKIN DRIVE). 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 51 WILKIN DRIVE?

51 WILKIN DRIVE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 51 on WILKIN DRIVE.