2, STORES LANE, TIPTREE, COLCHESTER, CO5 0LH - £249,995

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 STORES LANE is a small extended detached house of 96m², built sometime between 1900 and 1929. It was last sold for £249,995 in January 2007, which was around 15% below the average January 2007 detached price in the Colchester local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

2 STORES LANE Sold Prices

Land registry data shows three sales for 2 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 2 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
2007 5 JAN	£249,995	£294,293	15% below HPI
2004 7 APR	£151,500	£253,052	40% below HPI
2002 21 JUN	£105,000	£190,467	45% below HPI

2 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 2 STORES LANE sales between June 2002 and January 2007 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 2004 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2007 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 STORES LANE?

2 STORES LANE is 96m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 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 2 STORES LANE lies on this distribution: 34% of detached houses are smaller than 2 STORES LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

2 STORES LANE: Plot and Title Map

2 STORES LANE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 2 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 2 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 2 STORES LANE?

2 STORES LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 2 on STORES LANE.