1, OLIVER PLACE, WITHAM, CM8 2UD - £405,000

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

1 OLIVER PLACE is a small detached house of 104m², built sometime between 1976 and 1982. It was last sold for £405,000 in November 2022, which was around 27% below the average November 2022 detached price in the Braintree local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

1 OLIVER PLACE Sold Prices

Land registry data shows two sales for 1 OLIVER PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 1 OLIVER PLACE 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
2022 15 NOV	£405,000	£555,429	27% below HPI
2006 3 FEB	£190,000	£282,210	33% below HPI

1 OLIVER PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two 1 OLIVER PLACE sales from February 2006 and November 2022 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 February 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 OLIVER PLACE?

1 OLIVER PLACE is 104m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 1 OLIVER PLACE lies on this distribution: 33% of detached houses are smaller than 1 OLIVER PLACE, and 66% of houses are larger. Note that EPC data is not available for all properties in Witham.

1 OLIVER PLACE: Plot and Title Map

1 OLIVER PLACE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 1 OLIVER PLACE, 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 OLIVER PLACE). 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 OLIVER PLACE?

1 OLIVER PLACE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 1 on OLIVER PLACE.