2, BRAINTREE ROAD, WITHAM, CM8 2DD - £408,000

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

2 BRAINTREE ROAD is a small detached house of 98m², built sometime between 1930 and 1949. It was last sold for £408,000 in February 2023, which was around 25% below the average February 2023 detached price in the Braintree local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2 BRAINTREE ROAD Sold Prices

Land registry data shows five sales for 2 BRAINTREE ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the five 2 BRAINTREE ROAD 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
2023 6 FEB	£408,000	£545,058	25% below HPI
2009 24 JUN	£210,000	£264,642	21% below HPI
2000 1 MAY	£116,000	£140,039	17% below HPI
1999 16 JUL	£88,500	£124,072	29% below HPI
1998 30 APR	£73,500	£109,281	33% below HPI

2 BRAINTREE ROAD 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 five 2 BRAINTREE ROAD sales between April 1998 and February 2023 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 June 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 BRAINTREE ROAD?

2 BRAINTREE ROAD is 98m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 2 BRAINTREE ROAD lies on this distribution: 27% of detached houses are smaller than 2 BRAINTREE ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Witham.

2 BRAINTREE ROAD: Plot and Title Map

2 BRAINTREE ROAD sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 2 BRAINTREE 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 2 BRAINTREE 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 2 BRAINTREE ROAD?

2 BRAINTREE ROAD is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 2 on BRAINTREE ROAD.