8, SPRING ROAD, TIPTREE, COLCHESTER, CO5 0BD - £800,000

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 SPRING ROAD is a very large detached house of 237m², which could now be worth an estimated £904,967. It was last sold for £800,000 in February 2021, which was around 80% above the average February 2021 detached price in the Colchester local authority area. The most recent EPC inspection was January 2017, where the current energy rating was B, and the potential energy rating was B.

8 SPRING ROAD Sold Prices

Land registry data shows four sales for 8 SPRING ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. two of the four 8 SPRING ROAD sales were for above the average price, and four 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
2021 16 FEB	£800,000	£443,987	80% above HPI
2017 29 JUN	£680,000	£423,916	60% above HPI
2013 29 NOV	£212,000	£305,088	31% below HPI
2012 25 JUN	£195,000	£285,166	32% below HPI

8 SPRING 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 four 8 SPRING ROAD sales between June 2012 and February 2021 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 June 2017 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the February 2021 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 8 SPRING ROAD be worth now?

8 SPRING ROAD might now be worth an estimated £904,967.

This is based on house price inflation of 13.1%, between February 2021 and February 2025, for 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 13.1% inflationary increase is applied to the most recent sale price for 8 SPRING ROAD of £800,000 on 16th February 2021. For the value to have increased from £800,000 to £904,967 over the four years to February 2025, the following assumptions must hold true:

• The value of 8 SPRING ROAD has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2021 sale price of £800,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRING ROAD has not materially changed since February 2021.

How Large is 8 SPRING ROAD?

8 SPRING ROAD is 237m² according to the EPC inspection conducted in January 2017. This puts it in the largest 10% of detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiptree, and where 8 SPRING ROAD lies on this distribution: 98% of detached houses houses are smaller than 8 SPRING ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

8 SPRING ROAD: Plot and Title Map

8 SPRING ROAD sits on a plot of roughly 0.200 of an acre, or 810m². The below map shows the location of 8 SPRING 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 8 SPRING 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 8 SPRING ROAD?

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