RUSHMORE, NEWBRIDGE ROAD, TIPTREE, COLCHESTER, CO5 0HZ - £300,000

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

RUSHMORE is a small extended detached house of 101m², built sometime between 1930 and 1949. It was last sold for £300,000 in March 2024, which was around 39% below the average March 2024 detached price in the Colchester local authority area. The most recent EPC inspection was February 2024, where the current energy rating was E, and the potential energy rating was C.

RUSHMORE Sold Prices

Land registry data shows two sales for RUSHMORE 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. Both of the two RUSHMORE 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
2024 27 MAR	£300,000	£492,452	39% below HPI
1996 5 JUL	£78,500	£91,361	14% below HPI

RUSHMORE 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 RUSHMORE sales from July 1996 and March 2024 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 July 1996 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2024 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is RUSHMORE?

RUSHMORE is 101m², which includes one extension, according to the EPC inspection conducted in February 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 RUSHMORE lies on this distribution: 39% of detached houses are smaller than RUSHMORE, and 61% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

RUSHMORE: Plot and Title Map

RUSHMORE sits on a plot of roughly 0.362 of an acre, or 1,467m². The below map shows the location of RUSHMORE, 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 RUSHMORE). 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 RUSHMORE?

RUSHMORE is located on NEWBRIDGE ROAD in TIPTREE, in the CO5 postcode district. The below map shows the position of RUSHMORE on NEWBRIDGE ROAD.