2, POWELL CLOSE, TIPTREE, COLCHESTER, CO5 0SH - £318,000

2 POWELL CLOSE is a midsized extended detached house of 111m², built sometime between 1996 and 2002. It was last sold for £318,000 in December 2016, which was around 23% below the average December 2016 detached price in the Colchester local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

2 POWELL CLOSE Sold Prices

Land registry data shows three sales for 2 POWELL 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. All of the three 2 POWELL CLOSE 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
2016 9 DEC	£318,000	£410,425	23% below HPI
2009 12 JUN	£175,000	£240,710	27% below HPI
2001 27 JUL	£124,995	£163,344	23% below HPI

2 POWELL 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 2 POWELL CLOSE sales between July 2001 and December 2016 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 June 2009 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 POWELL CLOSE?

2 POWELL CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 50% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 2 POWELL CLOSE lies on this distribution: 51% of detached houses are smaller than 2 POWELL CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 POWELL CLOSE: Plot and Title Map

2 POWELL CLOSE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 2 POWELL 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 2 POWELL 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 2 POWELL CLOSE?

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