7, GREEN LANE, TIPTREE, COLCHESTER, CO5 0DA - £480,000

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

7 GREEN LANE is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £480,000 in February 2020, which was around 12% above the average February 2020 detached price in the Colchester local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

7 GREEN LANE Sold Prices

Land registry data shows two sales for 7 GREEN LANE 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. One of the two 7 GREEN LANE sales was for above the average price, whilst the other was 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 25 FEB	£480,000	£428,922	12% above HPI
2018 9 FEB	£345,000	£435,030	21% below HPI

7 GREEN LANE 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 7 GREEN LANE sales from February 2018 and February 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 February 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 7 GREEN LANE?

7 GREEN LANE is 114m², which includes one extension, according to the EPC inspection conducted in November 2018. 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 7 GREEN LANE lies on this distribution: 55% of detached houses are smaller than 7 GREEN LANE, and 44% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

7 GREEN LANE: Plot and Title Map

7 GREEN LANE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 7 GREEN LANE, 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 7 GREEN LANE). 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 7 GREEN LANE?

7 GREEN LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 7 on GREEN LANE.