8, LUTHER DRIVE, TIPTREE, COLCHESTER, CO5 0SQ - £470,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 LUTHER DRIVE is a midsized semi-detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £490,629. It was last sold for £470,000 in April 2022, which was around 48% above the average April 2022 semi-detached price in the Colchester local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

8 LUTHER DRIVE Sold Prices

Land registry data shows two sales for 8 LUTHER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Colchester local authority area for the corresponding sale date. Both of the two 8 LUTHER DRIVE sales were for above 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
2022 14 APR	£470,000	£317,309	48% above HPI
2000 15 DEC	£155,500	£92,405	68% above HPI

8 LUTHER DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Colchester local authority area over time, sourced from the HPI. The two 8 LUTHER DRIVE sales from December 2000 and April 2022 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 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the April 2022 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 8 LUTHER DRIVE be worth now?

8 LUTHER DRIVE might now be worth an estimated £490,629.

This is based on house price inflation of 4.4%, between April 2022 and February 2025, for semi-detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.4% inflationary increase is applied to the most recent sale price for 8 LUTHER DRIVE of £470,000 on 14th April 2022. For the value to have increased from £470,000 to £490,629 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 8 LUTHER DRIVE has moved in line with the HPI for semi-detached houses in the Colchester local authority area.
• The April 2022 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LUTHER DRIVE has not materially changed since April 2022.

How Large is 8 LUTHER DRIVE?

8 LUTHER DRIVE is 113m² according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of semi-detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Tiptree, and where 8 LUTHER DRIVE lies on this distribution: 53% of semi-detached houses houses are smaller than 8 LUTHER DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

8 LUTHER DRIVE: Plot and Title Map

8 LUTHER DRIVE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 8 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 8 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 8 LUTHER DRIVE?

8 LUTHER DRIVE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 8 on LUTHER DRIVE.