2, PEAKES CLOSE, TIPTREE, COLCHESTER, CO5 0PD - £180,000

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 PEAKES CLOSE is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £395,021. It was last sold for £180,000 in April 2009, which was around 21% below the average April 2009 detached price in the Colchester local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was B.

2 PEAKES CLOSE Sold Prices

Land registry data shows one sale for 2 PEAKES CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Colchester local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 14 APR	£180,000	£229,129	21% below HPI

What might 2 PEAKES CLOSE be worth now?

2 PEAKES CLOSE might now be worth an estimated £395,021.

This is based on house price inflation of 119.5%, between April 2009 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 119.5% inflationary increase is applied to the most recent sale price for 2 PEAKES CLOSE of £180,000 on 14th April 2009. For the value to have increased from £180,000 to £395,021 over the sixteen years and eleven months to May 2026, the following assumptions must hold true:

• The value of 2 PEAKES CLOSE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The April 2009 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PEAKES CLOSE has not materially changed since April 2009.

How Large is 2 PEAKES CLOSE?

2 PEAKES CLOSE is 75m² according to the EPC inspection conducted in January 2020. 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 2 PEAKES CLOSE lies on this distribution: 11% of detached houses are smaller than 2 PEAKES CLOSE, and 88% of detached houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 PEAKES CLOSE: Plot

2 PEAKES CLOSE sits on a plot of roughly 0.210 of an acre, or 851m².

Where is 2 PEAKES CLOSE?

2 PEAKES CLOSE is located in TIPTREE, in the CO5 postcode district.