15, GROVE ROAD, TIPTREE, COLCHESTER, CO5 0JP - £390,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 GROVE ROAD is a very small detached house of 81m², built sometime between 1991 and 1995. It was last sold for £390,000 in November 2020, which was around 14% below the average November 2020 detached price in the Colchester local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

15 GROVE ROAD Sold Prices

Land registry data shows two sales for 15 GROVE 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. One of the two 15 GROVE ROAD sales was for below the average price, whilst the other was 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
2020 5 NOV	£390,000	£454,919	14% below HPI
2001 20 APR	£159,500	£155,193	3% above HPI

15 GROVE 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 15 GROVE ROAD sales from April 2001 and November 2020 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 2001 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 15 GROVE ROAD?

15 GROVE ROAD is 81m² according to the EPC inspection conducted in June 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 15 GROVE ROAD lies on this distribution: 19% of detached houses are smaller than 15 GROVE ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

15 GROVE ROAD: Plot and Title Map

15 GROVE ROAD sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 15 GROVE 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 15 GROVE 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 15 GROVE ROAD?

15 GROVE ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 15 on GROVE ROAD.