2, DRIVER WAY, WITHAM, CM8 2FY - £490,000

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 DRIVER WAY is a large detached house of 137m². It was last sold for £490,000 in July 2024, which was around 11% below the average July 2024 detached price in the Braintree local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

2 DRIVER WAY Sold Prices

Land registry data shows two sales for 2 DRIVER WAY 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. One of the two 2 DRIVER WAY sales was for below the average price, whilst the other was for above 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
2024 5 JUL	£490,000	£550,485	11% below HPI
2018 26 OCT	£489,995	£475,923	3% above HPI

2 DRIVER WAY 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 2 DRIVER WAY sales from October 2018 and July 2024 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 DRIVER WAY?

2 DRIVER WAY is 137m² according to the EPC inspection conducted in November 2017. This puts it in the largest 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 DRIVER WAY lies on this distribution: 69% of detached houses are smaller than 2 DRIVER WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Witham.

2 DRIVER WAY: Plot and Title Map

2 DRIVER WAY sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 2 DRIVER WAY, 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 DRIVER WAY). 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 DRIVER WAY?

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