23, WALNUT TREE WAY, TIPTREE, COLCHESTER, CO5 0NH - £260,000

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.

23 WALNUT TREE WAY is a very small terraced house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £314,438. It was last sold for £260,000 in May 2020, which was around 18% above the average May 2020 terraced price in the Colchester local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

23 WALNUT TREE WAY Sold Prices

Land registry data shows two sales for 23 WALNUT TREE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. Both of the two 23 WALNUT TREE WAY 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 20 MAY	£260,000	£219,596	18% above HPI
2007 17 AUG	£185,000	£166,375	11% above HPI

23 WALNUT TREE WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Colchester local authority area over time, sourced from the HPI. The two 23 WALNUT TREE WAY sales from August 2007 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 August 2007 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2020 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 23 WALNUT TREE WAY be worth now?

23 WALNUT TREE WAY might now be worth an estimated £314,438.

This is based on house price inflation of 20.9%, between May 2020 and May 2026, for terraced 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 20.9% inflationary increase is applied to the most recent sale price for 23 WALNUT TREE WAY of £260,000 on 20th May 2020. For the value to have increased from £260,000 to £314,438 over the six years to May 2026, the following assumptions must hold true:

• The value of 23 WALNUT TREE WAY has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The May 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 23 WALNUT TREE WAY has not materially changed since May 2020.

How Large is 23 WALNUT TREE WAY?

23 WALNUT TREE WAY is 77m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of terraced houses houses in Tiptree, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Tiptree, and where 23 WALNUT TREE WAY lies on this distribution: 13% of terraced houses houses are smaller than 23 WALNUT TREE WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

23 WALNUT TREE WAY: Plot and Title Map

23 WALNUT TREE WAY sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 23 WALNUT TREE WAY, 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 23 WALNUT TREE WAY). 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 23 WALNUT TREE WAY?

23 WALNUT TREE WAY is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 23 on WALNUT TREE WAY.