7, LUTHER DRIVE, TIPTREE, COLCHESTER, CO5 0SQ - £297,500

7 LUTHER DRIVE is a small detached house of 88m², built sometime between 1996 and 2002. It was last sold for £297,500 in November 2017, which was around 31% below the average November 2017 detached price in the Colchester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

7 LUTHER DRIVE Sold Prices

Land registry data shows five sales for 7 LUTHER DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the five 7 LUTHER DRIVE 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 17 NOV	£297,500	£432,437	31% below HPI
2017 26 APR	£209,000	£418,366	50% below HPI
2013 27 FEB	£212,000	£291,183	27% below HPI
2003 25 FEB	£169,000	£226,727	25% below HPI
2000 22 DEC	£128,500	£152,284	16% below HPI

7 LUTHER DRIVE 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 five 7 LUTHER DRIVE sales between December 2000 and November 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 April 2017 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2017 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 LUTHER DRIVE?

7 LUTHER DRIVE is 88m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 30% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 7 LUTHER DRIVE lies on this distribution: 26% of detached houses are smaller than 7 LUTHER DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

7 LUTHER DRIVE: Plot and Title Map

7 LUTHER DRIVE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 7 LUTHER DRIVE, 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 7 LUTHER DRIVE). 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 7 LUTHER DRIVE?

7 LUTHER DRIVE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 7 on LUTHER DRIVE.