23, HONEY LANE, TIPTREE, COLCHESTER, CO5 0FR - £405,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

23 HONEY LANE is a midsized detached house of 108m², which could now be worth an estimated £402,881. It was last sold for £405,000 in July 2023, which was around 20% below the average July 2023 detached price in the Colchester local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

23 HONEY LANE Sold Prices

Land registry data shows two sales for 23 HONEY LANE 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. Both of the two 23 HONEY 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
2023 31 JUL	£405,000	£504,883	20% below HPI
2018 31 OCT	£365,000	£441,206	17% below HPI

23 HONEY 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 two 23 HONEY LANE sales from October 2018 and July 2023 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 2018 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 23 HONEY LANE be worth now?

23 HONEY LANE might now be worth an estimated £402,881.

This is based on house price deflation of 0.5%, between July 2023 and February 2025, 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 0.5% deflationary decrease is applied to the most recent sale price for 23 HONEY LANE of £405,000 on 31st July 2023. For the value to have decreased from £405,000 to £402,881 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 23 HONEY LANE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The July 2023 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 23 HONEY LANE has not materially changed since July 2023.

How Large is 23 HONEY LANE?

23 HONEY LANE is 108m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 50% of detached houses houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tiptree, and where 23 HONEY LANE lies on this distribution: 46% of detached houses houses are smaller than 23 HONEY LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

23 HONEY LANE: Plot and Title Map

23 HONEY LANE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 23 HONEY 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 23 HONEY 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 23 HONEY LANE?

23 HONEY LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 23 on HONEY LANE.