63A, NEW ROAD, TIPTREE, COLCHESTER, CO5 0HW - £350,000

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

63A NEW ROAD is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £350,000 in January 2020, which was around 18% below the average January 2020 detached price in the Colchester local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was C.

63A NEW ROAD Sold Prices

Land registry data shows two sales for 63A NEW 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 63A NEW 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 JAN	£350,000	£428,216	18% below HPI
2014 16 MAY	£235,000	£314,158	25% below HPI

63A NEW 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 63A NEW ROAD sales from May 2014 and January 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 May 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 63A NEW ROAD?

63A NEW ROAD is 80m² according to the EPC inspection conducted in October 2013. 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 63A NEW ROAD lies on this distribution: 16% of detached houses are smaller than 63A NEW ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

63A NEW ROAD: Plot and Title Map

63A NEW ROAD sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 63A 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 63A 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 63A NEW ROAD?

63A NEW ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 63A on NEW ROAD.