62, GROVE ROAD, TIPTREE, COLCHESTER, CO5 0JJ - £725,000

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

62 GROVE ROAD is a very large extended detached house of 196m², built sometime between 1930 and 1949. It was last sold for £725,000 in September 2020, which was around 67% above the average September 2020 detached price in the Colchester local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

62 GROVE ROAD Sold Prices

Land registry data shows three sales for 62 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. One of the three 62 GROVE ROAD sales was for above the average price, whilst two 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
2020 16 SEP	£725,000	£434,672	67% above HPI
2019 5 SEP	£316,000	£442,036	29% below HPI
2015 25 FEB	£277,500	£334,760	17% below HPI

62 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 62 GROVE ROAD sales between February 2015 and September 2020 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 September 2019 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2020 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is 62 GROVE ROAD?

62 GROVE ROAD is 196m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the largest 10% of detached houses in Tiptree, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptree, and where 62 GROVE ROAD lies on this distribution: 94% of detached houses are smaller than 62 GROVE ROAD, and 6% of houses are larger. Note that EPC data is not available for all properties in Tiptree.

62 GROVE ROAD: Plot and Title Map

62 GROVE ROAD sits on a plot of roughly 0.162 of an acre, or 658m². The below map shows the location of 62 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 62 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 62 GROVE ROAD?

62 GROVE ROAD is located in TIPTREE, in the CO5 postcode district. The below map shows the position of No. 62 on GROVE ROAD.