2, ELGAR DRIVE, WITHAM, CM8 1DL - £525,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 ELGAR DRIVE is a large detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £530,631. It was last sold for £525,000 in November 2024, which was around 8% below the average November 2024 detached price in the Braintree local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 ELGAR DRIVE Sold Prices

Land registry data shows two sales for 2 ELGAR 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 Braintree local authority area for the corresponding sale date. One of the two 2 ELGAR DRIVE 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 22 NOV	£525,000	£571,397	8% below HPI
2002 30 AUG	£287,500	£223,005	29% above HPI

2 ELGAR DRIVE 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 ELGAR DRIVE sales from August 2002 and November 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 August 2002 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the November 2024 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 ELGAR DRIVE be worth now?

2 ELGAR DRIVE might now be worth an estimated £530,631.

This is based on house price inflation of 1.1%, between November 2024 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% inflationary increase is applied to the most recent sale price for 2 ELGAR DRIVE of £525,000 on 22nd November 2024. For the value to have increased from £525,000 to £530,631 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 2 ELGAR DRIVE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The November 2024 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELGAR DRIVE has not materially changed since November 2024.

How Large is 2 ELGAR DRIVE?

2 ELGAR DRIVE is 146m² according to the EPC inspection conducted in June 2019. This puts it in the largest 30% of detached houses houses in Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witham, and where 2 ELGAR DRIVE lies on this distribution: 78% of detached houses houses are smaller than 2 ELGAR DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Witham.

2 ELGAR DRIVE: Plot and Title Map

2 ELGAR DRIVE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 ELGAR 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 2 ELGAR 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 2 ELGAR DRIVE?

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