17, STORES LANE, TIPTREE, COLCHESTER, CO5 0LH - £185,000

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

17 STORES LANE is a very small extended detached house of 56m², built sometime between 1930 and 1949. It was last sold for £185,000 in May 2014, which was around 41% below the average May 2014 detached price in the Colchester local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

17 STORES LANE Sold Prices

Land registry data shows three sales for 17 STORES LANE 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 17 STORES LANE 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
2014 19 MAY	£185,000	£314,158	41% below HPI
2001 5 OCT	£99,000	£174,367	43% below HPI
2000 8 FEB	£55,000	£133,281	59% below HPI

17 STORES LANE 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 17 STORES LANE sales between February 2000 and May 2014 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 October 2001 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2014 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 17 STORES LANE?

17 STORES LANE is 56m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 17 STORES LANE lies on this distribution: 1% of detached houses are smaller than 17 STORES LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

17 STORES LANE: Plot and Title Map

17 STORES LANE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 17 STORES LANE, 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 17 STORES LANE). 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 17 STORES LANE?

17 STORES LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 17 on STORES LANE.