NEW BUNGALOW, MAYPOLE ROAD, TIPTREE, COLCHESTER, CO5 0EP - £230,000

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

NEW BUNGALOW is a small extended detached house of 100m², built sometime between 1967 and 1975. It was last sold for £230,000 in October 2009, which was around 14% below the average October 2009 detached price in the Colchester local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was C.

NEW BUNGALOW Sold Prices

Land registry data shows three sales for NEW BUNGALOW 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. All of the three NEW BUNGALOW 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
2009 15 OCT	£230,000	£266,955	14% below HPI
2007 11 MAY	£218,000	£295,774	26% below HPI
1998 30 JAN	£96,000	£102,807	7% below HPI

NEW BUNGALOW 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 NEW BUNGALOW sales between January 1998 and October 2009 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 2007 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2009 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is NEW BUNGALOW?

NEW BUNGALOW is 100m², which includes one extension, according to the EPC inspection conducted in August 2023. 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 NEW BUNGALOW lies on this distribution: 38% of detached houses are smaller than NEW BUNGALOW, and 61% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

NEW BUNGALOW: Plot and Title Map

NEW BUNGALOW sits on a plot of roughly 0.129 of an acre, or 524m². The below map shows the location of NEW BUNGALOW, 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 NEW BUNGALOW). 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 NEW BUNGALOW?

NEW BUNGALOW is located on MAYPOLE ROAD in TIPTREE, in the CO5 postcode district. The below map shows the position of NEW BUNGALOW on MAYPOLE ROAD.