11, PEAKES CLOSE, TIPTREE, COLCHESTER, CO5 0PD - £485,000

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.

11 PEAKES CLOSE is a very large extended detached house of 160m², built sometime between 1950 and 1966, which could now be worth an estimated £565,668. It was last sold for £485,000 in June 2019, which was around 12% above the average June 2019 detached price in the Colchester local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was D.

11 PEAKES CLOSE Sold Prices

Land registry data shows three sales for 11 PEAKES CLOSE 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. One of the three 11 PEAKES CLOSE sales was for above the average price, whilst two 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
2019 6 JUN	£485,000	£433,194	12% above HPI
2011 21 OCT	£265,000	£284,644	7% below HPI
2011 10 MAR	£195,000	£284,315	31% below HPI

11 PEAKES CLOSE 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 11 PEAKES CLOSE sales between March 2011 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 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2019 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 11 PEAKES CLOSE be worth now?

11 PEAKES CLOSE might now be worth an estimated £565,668.

This is based on house price inflation of 16.6%, between June 2019 and March 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 16.6% inflationary increase is applied to the most recent sale price for 11 PEAKES CLOSE of £485,000 on 6th June 2019. For the value to have increased from £485,000 to £565,668 over the six years and three months to March 2025, the following assumptions must hold true:

• The value of 11 PEAKES CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The June 2019 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 11 PEAKES CLOSE has not materially changed since June 2019.

How Large is 11 PEAKES CLOSE?

11 PEAKES CLOSE is 160m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 20% 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 11 PEAKES CLOSE lies on this distribution: 85% of detached houses houses are smaller than 11 PEAKES CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

11 PEAKES CLOSE: Plot and Title Map

11 PEAKES CLOSE sits on a plot of roughly 0.188 of an acre, or 762m². The below map shows the location of 11 PEAKES CLOSE, 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 11 PEAKES CLOSE). 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 11 PEAKES CLOSE?

11 PEAKES CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 11 on PEAKES CLOSE.