6, STORES LANE, TIPTREE, COLCHESTER, CO5 0LH - £300,000

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

6 STORES LANE is a midsized detached house of 108m², built sometime between 1983 and 1990. It was last sold for £300,000 in December 2014, which was around 11% below the average December 2014 detached price in the Colchester local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

6 STORES LANE Sold Prices

Land registry data shows four sales for 6 STORES LANE 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. Most of the four 6 STORES 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
2014 2 DEC	£300,000	£338,067	11% below HPI
2004 31 MAR	£240,000	£251,696	5% below HPI
1996 31 OCT	£98,000	£90,937	8% above HPI
1996 19 JUL	£90,000	£91,361	1% below HPI

6 STORES 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 four 6 STORES LANE sales between July 1996 and December 2014 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 March 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2014 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 6 STORES LANE?

6 STORES LANE is 108m² according to the EPC inspection conducted in August 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 6 STORES LANE lies on this distribution: 46% of detached houses are smaller than 6 STORES LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

6 STORES LANE: Plot and Title Map

6 STORES LANE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 6 STORES 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 6 STORES 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 6 STORES LANE?

6 STORES LANE is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 6 on STORES LANE.