28, GROVE ROAD, TIPTREE, COLCHESTER, CO5 0JP - £462,500

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

28 GROVE ROAD is a midsized extended detached house of 116m², built sometime between 1900 and 1929. It was last sold for £462,500 in August 2022, which was around 10% below the average August 2022 detached price in the Colchester local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was C.

28 GROVE ROAD Sold Prices

Land registry data shows three sales for 28 GROVE ROAD 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 28 GROVE ROAD 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 2 AUG	£462,500	£511,451	10% below HPI
2001 3 OCT	£135,000	£174,367	23% below HPI
1998 9 NOV	£96,000	£112,369	15% below HPI

28 GROVE ROAD 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 28 GROVE ROAD sales between November 1998 and August 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 October 2001 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 28 GROVE ROAD?

28 GROVE ROAD is 116m², which includes three extensions, according to the EPC inspection conducted in January 2022. This puts it in the largest 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 28 GROVE ROAD lies on this distribution: 57% of detached houses are smaller than 28 GROVE ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

28 GROVE ROAD: Plot and Title Map

28 GROVE ROAD sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 28 GROVE ROAD, 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 28 GROVE ROAD). 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 28 GROVE ROAD?

28 GROVE ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 28 on GROVE ROAD.