2, OLLEY WALK, TIPTREE, COLCHESTER, CO5 0FG - £312,000

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.

2 OLLEY WALK is a small detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £365,757. It was last sold for £312,000 in May 2020, which was around 27% below the average May 2020 detached price in the Colchester local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

2 OLLEY WALK Sold Prices

Land registry data shows four sales for 2 OLLEY WALK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 2 OLLEY WALK 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
2020 18 MAY	£312,000	£428,933	27% below HPI
2016 25 OCT	£286,000	£411,806	31% below HPI
2007 5 JUL	£218,000	£304,668	28% below HPI
2001 29 JUN	£110,000	£159,807	31% below HPI

2 OLLEY WALK 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 four 2 OLLEY WALK sales between June 2001 and May 2020 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 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 OLLEY WALK be worth now?

2 OLLEY WALK might now be worth an estimated £365,757.

This is based on house price inflation of 17.2%, between May 2020 and May 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 17.2% inflationary increase is applied to the most recent sale price for 2 OLLEY WALK of £312,000 on 18th May 2020. For the value to have increased from £312,000 to £365,757 over the six years to May 2026, the following assumptions must hold true:

• The value of 2 OLLEY WALK has moved in line with the HPI for detached houses in the Colchester local authority area.
• The May 2020 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLLEY WALK has not materially changed since May 2020.

How Large is 2 OLLEY WALK?

2 OLLEY WALK is 101m² according to the EPC inspection conducted in February 2014. 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 2 OLLEY WALK lies on this distribution: 38% of detached houses houses are smaller than 2 OLLEY WALK, and 62% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 OLLEY WALK: Plot and Title Map

2 OLLEY WALK sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 2 OLLEY WALK, 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 2 OLLEY WALK). 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 2 OLLEY WALK?

2 OLLEY WALK is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 2 on OLLEY WALK.