24, GORSE LANE, TIPTREE, COLCHESTER, CO5 0AH - £425,000

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

24 GORSE LANE is a very small extended detached house of 74m², built sometime between 1950 and 1966. It was last sold for £425,000 in May 2022, which was around 14% below the average May 2022 detached price in the Colchester local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

24 GORSE LANE Sold Prices

Land registry data shows three sales for 24 GORSE 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 24 GORSE 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
2022 12 MAY	£425,000	£496,658	14% below HPI
2015 16 JAN	£238,000	£333,004	29% below HPI
2001 16 OCT	£115,000	£174,367	34% below HPI

24 GORSE 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 24 GORSE LANE sales between October 2001 and May 2022 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 January 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 24 GORSE LANE?

24 GORSE LANE is 74m², which includes one extension, according to the EPC inspection conducted in September 2021. 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 24 GORSE LANE lies on this distribution: 11% of detached houses are smaller than 24 GORSE LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

24 GORSE LANE: Plot and Title Map

24 GORSE LANE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 24 GORSE 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 24 GORSE 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 24 GORSE LANE?

24 GORSE LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 24 on GORSE LANE.