2, SALIS CLOSE, TIPTREE, COLCHESTER, CO5 0FP - £625,000

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 SALIS CLOSE is a very large detached house of 175m², which could now be worth an estimated £701,478. It was last sold for £625,000 in October 2020, which was around 39% above the average October 2020 detached price in the Colchester local authority area. The most recent EPC inspection was August 2014, where the current energy rating was B, and the potential energy rating was B.

2 SALIS CLOSE Sold Prices

Land registry data shows two sales for 2 SALIS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. Both of the two 2 SALIS CLOSE sales were for above 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 8 OCT	£625,000	£451,030	39% above HPI
2014 18 DEC	£450,000	£338,996	33% above HPI

2 SALIS 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 two 2 SALIS CLOSE sales from December 2014 and October 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 December 2014 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the October 2020 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 2 SALIS CLOSE be worth now?

2 SALIS CLOSE might now be worth an estimated £701,478.

This is based on house price inflation of 12.2%, between October 2020 and March 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 12.2% inflationary increase is applied to the most recent sale price for 2 SALIS CLOSE of £625,000 on 8th October 2020. For the value to have increased from £625,000 to £701,478 over the six years and seven months to March 2026, the following assumptions must hold true:

• The value of 2 SALIS CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The October 2020 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SALIS CLOSE has not materially changed since October 2020.

How Large is 2 SALIS CLOSE?

2 SALIS CLOSE is 175m² according to the EPC inspection conducted in August 2014. 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 2 SALIS CLOSE lies on this distribution: 90% of detached houses houses are smaller than 2 SALIS CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 SALIS CLOSE: Plot and Title Map

2 SALIS CLOSE sits on a plot of roughly 0.174 of an acre, or 706m². The below map shows the location of 2 SALIS 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 SALIS 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 SALIS CLOSE?

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