Feb 07, 2023 by HM

House prices in Tiptree (CO5 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Tiptree (CO5 0).

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Price per square metre

Knowing the average house price in Tiptree is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 30, Ransom Road, Tiptree, sold for £535,000 on Sep-2023. Given the internal area of 147 square metres, the price per sqm is £3,639.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,350-£4,500, £4,500-£4,650, £4,650-£4,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 227 sales in Tiptree (CO5 0) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Tiptree (CO5 0). Of the 227 transactions, half were sold for between £3,560 and £4,580 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,580m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CO5 0' is £4,080. The table below shows how 'CO5 0' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO5 7 Rowhedge	£3,440m2	£3,870m2	£4,510m2
CO5 0 Tiptree	£3,560m2	£4,080m2	£4,580m2
CO5 8 West Mersea	£3,720m2	£4,300m2	£5,130m2
CO5 9 Kelvedon	£3,680m2	£4,210m2	£4,840m2

Will Tiptree house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CO5 0 (Tiptree). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CO5 0 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Tiptree and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Tiptree data or any other data I am given.

Price map for Tiptree

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Tiptree. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Tiptree

Street level data

Street	Avg size	Avg £/m2	Recent sales
Rectory Road, Tiptree, CO5 0S	61m2	£3,647	21
Grove Road, Tiptree, CO5 0J	107m2	£4,088	21
Maldon Road, Tiptree, CO5 0P	168m2	£3,631	15
Brendon Court, Tiptree, CO5 0H	65m2	£2,897	13
Oak Road, Tiptree, CO5 0N	104m2	£3,527	13
Anchor Road, Tiptree, CO5 0A	82m2	£3,752	12
Caxton Close, Tiptree, CO5 0H	82m2	£3,692	11
Berryfield Close, Tiptree, CO5 0F	98m2	£3,805	11

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Honey Lane, Tiptree, CO5 0F	127m2	£3,394	12

Honey Lane, Tiptree, CO5 0F has seen 12 new build sales in the last 4 years (average price £411,135). These new build homes typically have an internal area of 127 m2, with an average price of £3,394 m2. This £sqm average is £-686 below the average for CO5 0. New builds typically command a £ per sqm premium. In the case of Honey Lane the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Tiptree is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
30, Ransom Rd, Tiptree	£535,000 Sep-2023	147	3,639
9, Eleanor Close, Tiptree	£325,000 Sep-2023	101	3,217
5, Church Mews, Tiptree	£220,000 Aug-2023	59	3,728

See the entire list of all sales in Tiptree (CO5 0) here.