SPRING COTTAGE, PRIORY ROAD, TIPTREE, COLCHESTER, CO5 0QE - £462,500

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

SPRING COTTAGE is a very small extended detached house of 120m², built sometime before 1900. It was last sold for £462,500 in June 2019, which was around 7% above the average June 2019 detached price in the Colchester local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

SPRING COTTAGE Sold Prices

Land registry data shows two sales for SPRING COTTAGE 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 SPRING COTTAGE 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
2019 27 JUN	£462,500	£432,007	7% above HPI
1998 9 OCT	£142,000	£112,898	26% above HPI

SPRING COTTAGE 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 SPRING COTTAGE sales from October 1998 and June 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 October 1998 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2019 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 120m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses in Tiptree Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree Heath, and where SPRING COTTAGE lies on this distribution: 15% of detached houses are smaller than SPRING COTTAGE, and 85% of houses are larger. Note that EPC data is not available for all properties in Tiptree Heath.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.221 of an acre, or 896m². The below map shows the location of SPRING COTTAGE, 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 SPRING COTTAGE). 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 SPRING COTTAGE?

SPRING COTTAGE is located on PRIORY ROAD in TIPTREE, in the CO5 postcode district. The below map shows the position of SPRING COTTAGE on PRIORY ROAD.