13, THE FOLLY, TIPTREE, COLCHESTER, CO5 0RJ - £291,666

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.

13 THE FOLLY is a very small extended detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £287,488. It was last sold for £291,666 in October 2022, which was around 48% below the average October 2022 detached price in the Maldon local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

13 THE FOLLY Sold Prices

Land registry data shows two sales for 13 THE FOLLY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maldon local authority area for the corresponding sale date. Both of the two 13 THE FOLLY 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
2022 12 OCT	£291,666	£564,797	48% below HPI
1996 31 JAN	£84,500	£93,211	9% below HPI

13 THE FOLLY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maldon local authority area over time, sourced from the HPI. The two 13 THE FOLLY sales from January 1996 and October 2022 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 January 1996 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2022 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 13 THE FOLLY be worth now?

13 THE FOLLY might now be worth an estimated £287,488.

This is based on house price deflation of 1.4%, between October 2022 and March 2025, for detached houses, in the Maldon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.4% deflationary decrease is applied to the most recent sale price for 13 THE FOLLY of £291,666 on 12th October 2022. For the value to have decreased from £291,666 to £287,488 over the three years and seven months to March 2025, the following assumptions must hold true:

• The value of 13 THE FOLLY has moved in line with the HPI for detached houses in the Maldon local authority area.
• The October 2022 sale price of £291,666 represented a fair market value for the property.
• The size, condition, and specification of 13 THE FOLLY has not materially changed since October 2022.

How Large is 13 THE FOLLY?

13 THE FOLLY is 100m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses houses in Tolleshunt Knights, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tolleshunt Knights, and where 13 THE FOLLY lies on this distribution: 16% of detached houses houses are smaller than 13 THE FOLLY, and 84% of houses are larger. Note that EPC data is not available for all properties in Tolleshunt Knights.

13 THE FOLLY: Plot and Title Map

13 THE FOLLY sits on a plot of roughly 0.261 of an acre, or 1,055m². The below map shows the location of 13 THE FOLLY, 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 13 THE FOLLY). 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 13 THE FOLLY?

13 THE FOLLY is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 13 on THE FOLLY.