2, MEADOWVIEW, TIPTREE, COLCHESTER, CO5 0JT - £395,000

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.

2 MEADOWVIEW is a very large extended detached house of 157m², built sometime between 1991 and 1995, which could now be worth an estimated £692,625. It was last sold for £395,000 in November 2011, which was around 38% above the average November 2011 detached price in the Colchester local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

2 MEADOWVIEW Sold Prices

Land registry data shows three sales for 2 MEADOWVIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 2 MEADOWVIEW 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
2011 4 NOV	£395,000	£286,765	38% above HPI
2005 8 AUG	£412,500	£269,642	53% above HPI
1998 23 APR	£210,000	£107,564	95% above HPI

2 MEADOWVIEW 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 three 2 MEADOWVIEW sales between April 1998 and November 2011 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 2005 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the November 2011 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 2 MEADOWVIEW be worth now?

2 MEADOWVIEW might now be worth an estimated £692,625.

This is based on house price inflation of 75.3%, between November 2011 and May 2026, for detached 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 75.3% inflationary increase is applied to the most recent sale price for 2 MEADOWVIEW of £395,000 on 4th November 2011. For the value to have increased from £395,000 to £692,625 over the fifteen years and six months to May 2026, the following assumptions must hold true:

• The value of 2 MEADOWVIEW has moved in line with the HPI for detached houses in the Colchester local authority area.
• The November 2011 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEADOWVIEW has not materially changed since November 2011.

How Large is 2 MEADOWVIEW?

2 MEADOWVIEW is 157m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the largest 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 2 MEADOWVIEW lies on this distribution: 83% of detached houses are smaller than 2 MEADOWVIEW, and 17% of detached houses are larger. Note that EPC data is not available for all properties in Tiptree.