1, MARKWELLS, ELSENHAM, BISHOP'S STORTFORD, CM22 6LT - £387,500

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

1 MARKWELLS is a very small detached house of 85m², built sometime between 1983 and 1990. It was last sold for £387,500 in September 2021, which was around 40% below the average September 2021 detached price in the Uttlesford local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

1 MARKWELLS Sold Prices

Land registry data shows four sales for 1 MARKWELLS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. All of the four 1 MARKWELLS 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
2021 29 SEP	£387,500	£649,901	40% below HPI
2018 22 OCT	£332,500	£613,563	46% below HPI
2002 11 MAR	£135,000	£271,360	50% below HPI
1999 31 MAR	£80,000	£165,174	52% below HPI

1 MARKWELLS 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 four 1 MARKWELLS sales between March 1999 and September 2021 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 2018 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the September 2021 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 1 MARKWELLS?

1 MARKWELLS is 85m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of detached houses in Elsenham, based on EPC data. The below chart shows the distribution of detached houses by size in Elsenham, and where 1 MARKWELLS lies on this distribution: 13% of detached houses are smaller than 1 MARKWELLS, and 85% of houses are larger. Note that EPC data is not available for all properties in Elsenham.

1 MARKWELLS: Plot and Title Map

1 MARKWELLS sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 1 MARKWELLS, 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 MARKWELLS). 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 MARKWELLS?

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