1, FRANKLIN DRIVE, ELSENHAM, BISHOP'S STORTFORD, CM22 6UF - £530,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FRANKLIN DRIVE is a large detached house of 159m², which could now be worth an estimated £632,812. It was last sold for £530,000 in August 2019, which was around 13% below the average August 2019 detached price in the Uttlesford local authority area. The most recent EPC inspection was September 2016, where the current energy rating was B, and the potential energy rating was A.

1 FRANKLIN DRIVE Sold Prices

Land registry data shows two sales for 1 FRANKLIN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two 1 FRANKLIN DRIVE 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
2019 15 AUG	£530,000	£611,406	13% below HPI
2016 31 OCT	£560,000	£600,827	7% below HPI

1 FRANKLIN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 1 FRANKLIN DRIVE sales from October 2016 and August 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 October 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 1 FRANKLIN DRIVE be worth now?

1 FRANKLIN DRIVE might now be worth an estimated £632,812.

This is based on house price inflation of 19.4%, between August 2019 and February 2025, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for 1 FRANKLIN DRIVE of £530,000 on 15th August 2019. For the value to have increased from £530,000 to £632,812 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 1 FRANKLIN DRIVE has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The August 2019 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FRANKLIN DRIVE has not materially changed since August 2019.

How Large is 1 FRANKLIN DRIVE?

1 FRANKLIN DRIVE is 159m² according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses houses in Elsenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elsenham, and where 1 FRANKLIN DRIVE lies on this distribution: 79% of detached houses houses are smaller than 1 FRANKLIN DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Elsenham.

1 FRANKLIN DRIVE: Plot and Title Map

1 FRANKLIN DRIVE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 1 FRANKLIN DRIVE, 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 1 FRANKLIN DRIVE). 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 1 FRANKLIN DRIVE?

1 FRANKLIN DRIVE is located in ELSENHAM, in the CM22 postcode district. The below map shows the position of No. 1 on FRANKLIN DRIVE.