24, HEATON WAY, TIPTREE, COLCHESTER, CO5 0DZ - £415,000

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 HEATON WAY is a midsized detached house of 106m², built sometime between 1967 and 1975. It was last sold for £415,000 in June 2021, which was around 6% below the average June 2021 detached price in the Colchester local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

24 HEATON WAY Sold Prices

Land registry data shows four sales for 24 HEATON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 24 HEATON WAY 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
2021 11 JUN	£415,000	£442,452	6% below HPI
2014 19 MAY	£268,000	£314,158	15% below HPI
2003 31 JAN	£179,995	£226,737	21% below HPI
1995 24 APR	£71,000	£90,858	22% below HPI

24 HEATON WAY 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 four 24 HEATON WAY sales between April 1995 and June 2021 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 May 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 24 HEATON WAY?

24 HEATON WAY is 106m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 50% 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 HEATON WAY lies on this distribution: 43% of detached houses are smaller than 24 HEATON WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

24 HEATON WAY: Plot and Title Map

24 HEATON WAY sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 24 HEATON WAY, 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 HEATON WAY). 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 HEATON WAY?

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