1, QUEENSWAY, TIPTREE, COLCHESTER, CO5 0LP - £295,000

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.

1 QUEENSWAY is a small detached house of 97m², built sometime between 1976 and 1982, which could now be worth an estimated £354,358. It was last sold for £295,000 in April 2017, which was around 30% below the average April 2017 detached price in the Colchester local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

1 QUEENSWAY Sold Prices

Land registry data shows three sales for 1 QUEENSWAY 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 1 QUEENSWAY 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
2017 25 APR	£295,000	£419,515	30% below HPI
2004 1 APR	£213,000	£253,748	16% below HPI
2003 5 FEB	£130,000	£227,350	43% below HPI

1 QUEENSWAY 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 1 QUEENSWAY sales between February 2003 and April 2017 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 April 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 QUEENSWAY be worth now?

1 QUEENSWAY might now be worth an estimated £354,358.

This is based on house price inflation of 20.1%, between April 2017 and April 2026, 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 20.1% inflationary increase is applied to the most recent sale price for 1 QUEENSWAY of £295,000 on 25th April 2017. For the value to have increased from £295,000 to £354,358 over the nine years to April 2026, the following assumptions must hold true:

• The value of 1 QUEENSWAY has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2017 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 1 QUEENSWAY has not materially changed since April 2017.

How Large is 1 QUEENSWAY?

1 QUEENSWAY is 97m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 40% 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 1 QUEENSWAY lies on this distribution: 35% of detached houses houses are smaller than 1 QUEENSWAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

1 QUEENSWAY: Plot and Title Map

1 QUEENSWAY sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 1 QUEENSWAY, 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 1 QUEENSWAY). 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 1 QUEENSWAY?

1 QUEENSWAY is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 1 on QUEENSWAY.