6, LUTHER DRIVE, TIPTREE, COLCHESTER, CO5 0SQ - £450,000

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

6 LUTHER DRIVE is a midsized detached house of 115m², built sometime between 1996 and 2002. It was last sold for £450,000 in January 2023, which was around 14% below the average January 2023 detached price in the Colchester local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

6 LUTHER DRIVE Sold Prices

Land registry data shows two sales for 6 LUTHER DRIVE 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 6 LUTHER 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
2023 20 JAN	£450,000	£525,879	14% below HPI
2000 22 DEC	£137,750	£152,284	10% below HPI

6 LUTHER 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 two 6 LUTHER DRIVE sales from December 2000 and January 2023 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 2000 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2023 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 6 LUTHER DRIVE?

6 LUTHER DRIVE is 115m² according to the EPC inspection conducted in February 2013. This puts it in the largest 50% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 6 LUTHER DRIVE lies on this distribution: 56% of detached houses are smaller than 6 LUTHER DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

6 LUTHER DRIVE: Plot and Title Map

6 LUTHER DRIVE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 6 LUTHER 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 6 LUTHER 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 6 LUTHER DRIVE?

6 LUTHER DRIVE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 6 on LUTHER DRIVE.