38, WADLEY CLOSE, TIPTREE, COLCHESTER, CO5 0SL - £165,000

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.

38 WADLEY CLOSE is a very small extended terraced house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £286,664. It was last sold for £165,000 in February 2013, which was around 8% above the average February 2013 terraced price in the Colchester local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

38 WADLEY CLOSE Sold Prices

Land registry data shows three sales for 38 WADLEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Colchester local authority area for the corresponding sale date. All of the three 38 WADLEY 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
2013 1 FEB	£165,000	£152,861	8% above HPI
2004 14 MAY	£160,000	£129,835	23% above HPI
2002 22 AUG	£109,995	£96,181	14% above HPI

38 WADLEY CLOSE 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 three 38 WADLEY CLOSE sales between August 2002 and February 2013 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 May 2004 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2013 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 38 WADLEY CLOSE be worth now?

38 WADLEY CLOSE might now be worth an estimated £286,664.

This is based on house price inflation of 73.7%, between February 2013 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 73.7% inflationary increase is applied to the most recent sale price for 38 WADLEY CLOSE of £165,000 on 1st February 2013. For the value to have increased from £165,000 to £286,664 over the twelve years and nine months to May 2026, the following assumptions must hold true:

• The value of 38 WADLEY CLOSE has moved in line with the HPI for terraced houses in the Colchester local authority area.
• The February 2013 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WADLEY CLOSE has not materially changed since February 2013.

How Large is 38 WADLEY CLOSE?

38 WADLEY CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% 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 38 WADLEY CLOSE lies on this distribution: 6% of terraced houses houses are smaller than 38 WADLEY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

38 WADLEY CLOSE: Plot and Title Map

38 WADLEY CLOSE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 38 WADLEY 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 38 WADLEY 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 38 WADLEY CLOSE?

38 WADLEY CLOSE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 38 on WADLEY CLOSE.