FINCHES, ANCHOR ROAD, TIPTREE, COLCHESTER, CO5 0BS - £500,000

FINCHES is a midsized detached house of 120m², built sometime between 1967 and 1975. It was last sold for £500,000 in September 2023, which was around 7% below the average September 2023 detached price in the Colchester local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

FINCHES Sold Prices

Land registry data shows four sales for FINCHES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. two of the four FINCHES sales were for below the average price, and four 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
2023 20 SEP	£500,000	£534,901	7% below HPI
2013 6 DEC	£350,000	£302,483	16% above HPI
2010 30 JUN	£360,000	£280,646	28% above HPI
2008 10 JAN	£300,000	£310,128	3% below HPI

FINCHES 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 four FINCHES sales between January 2008 and September 2023 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 2013 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2023 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is FINCHES?

FINCHES is 120m² according to the EPC inspection conducted in May 2023. This puts it in the largest 40% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where FINCHES lies on this distribution: 60% of detached houses are smaller than FINCHES, and 39% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

FINCHES: Plot and Title Map

FINCHES sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of FINCHES, 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 FINCHES). 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 FINCHES?

FINCHES is located on ANCHOR ROAD in TIPTREE, in the CO5 postcode district. The below map shows the position of FINCHES on ANCHOR ROAD.