55, GROVE ROAD, TIPTREE, COLCHESTER, CO5 0JJ - £445,000

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

55 GROVE ROAD is a very large detached house of 154m², built sometime between 2003 and 2006. It was last sold for £445,000 in September 2019, which was around 1% above the average September 2019 detached price in the Colchester local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

55 GROVE ROAD Sold Prices

Land registry data shows four sales for 55 GROVE ROAD 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. two of the four 55 GROVE ROAD sales were for above the average price, and four 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
2019 19 SEP	£445,000	£442,036	1% above HPI
2010 23 APR	£239,000	£283,357	16% below HPI
2005 11 FEB	£300,000	£262,309	14% above HPI
2001 25 JUN	£110,000	£159,369	31% below HPI

55 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 four 55 GROVE ROAD sales between June 2001 and September 2019 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 April 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2019 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 55 GROVE ROAD?

55 GROVE ROAD is 154m² according to the EPC inspection conducted in March 2019. This puts it in the largest 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 55 GROVE ROAD lies on this distribution: 81% of detached houses are smaller than 55 GROVE ROAD, and 17% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

55 GROVE ROAD: Plot and Title Map

55 GROVE ROAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 55 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 55 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 55 GROVE ROAD?

55 GROVE ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 55 on GROVE ROAD.