7, TEW CLOSE, TIPTREE, COLCHESTER, CO5 0RW - £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

7 TEW CLOSE is a small detached house of 96m², built sometime between 1996 and 2002. It was last sold for £350,000 in May 2019, which was around 19% below the average May 2019 detached price in the Colchester local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

7 TEW CLOSE Sold Prices

Land registry data shows three sales for 7 TEW CLOSE 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. The three 7 TEW CLOSE sales were a mix of below the average price, and roughly equal to 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
2019 17 MAY	£350,000	£429,757	19% below HPI
2013 20 AUG	£261,000	£293,107	11% below HPI
2000 3 MAR	£135,250	£135,902	Close to HPI

7 TEW CLOSE 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 7 TEW CLOSE sales between March 2000 and May 2019 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 August 2013 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 TEW CLOSE?

7 TEW CLOSE is 96m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 40% 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 TEW CLOSE lies on this distribution: 34% of detached houses are smaller than 7 TEW CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

7 TEW CLOSE: Plot and Title Map

7 TEW CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 7 TEW CLOSE, 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 TEW CLOSE). 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 TEW CLOSE?

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