41A, MORLEY ROAD, TIPTREE, COLCHESTER, CO5 0AA - £305,000

41A MORLEY ROAD is a very small detached house of 78m², built sometime between 2003 and 2006. It was last sold for £305,000 in June 2017, which was around 28% below the average June 2017 detached price in the Colchester local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

41A MORLEY ROAD Sold Prices

Land registry data shows two sales for 41A MORLEY ROAD 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 41A MORLEY ROAD 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
2017 16 JUN	£305,000	£422,755	28% below HPI
2006 20 OCT	£233,700	£287,861	19% below HPI

41A MORLEY ROAD 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 41A MORLEY ROAD sales from October 2006 and June 2017 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 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 41A MORLEY ROAD?

41A MORLEY ROAD is 78m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 41A MORLEY ROAD lies on this distribution: 14% of detached houses are smaller than 41A MORLEY ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

41A MORLEY ROAD: Plot and Title Map

41A MORLEY ROAD sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 41A MORLEY ROAD, 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 41A MORLEY ROAD). 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 41A MORLEY ROAD?

41A MORLEY ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 41A on MORLEY ROAD.