32, GROVE ROAD, TIPTREE, COLCHESTER, CO5 0JL - £485,000

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

32 GROVE ROAD is a midsized extended detached house of 105m², built sometime between 1967 and 1975. It was last sold for £485,000 in December 2023, which was around 3% below the average December 2023 detached price in the Colchester local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

32 GROVE ROAD Sold Prices

Land registry data shows three sales for 32 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 32 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
2023 8 DEC	£485,000	£500,095	3% below HPI
2013 12 JUL	£225,000	£289,834	22% below HPI
2005 28 FEB	£212,000	£262,309	19% below HPI

32 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 32 GROVE ROAD sales between February 2005 and December 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 July 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 32 GROVE ROAD?

32 GROVE ROAD is 105m², which includes one extension, according to the EPC inspection conducted in August 2023. 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 32 GROVE ROAD lies on this distribution: 43% of detached houses are smaller than 32 GROVE ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

32 GROVE ROAD: Plot and Title Map

32 GROVE ROAD sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 32 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 32 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 32 GROVE ROAD?

32 GROVE ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 32 on GROVE ROAD.