2, OLIVERS DRIVE, WITHAM, CM8 1QJ - £322,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

2 OLIVERS DRIVE is a very small semi-detached house of 74m², built sometime between 1967 and 1975. It was last sold for £322,000 in February 2021, which was around 33% below the average February 2021 detached price in the Braintree local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

2 OLIVERS DRIVE Sold Prices

Land registry data shows three sales for 2 OLIVERS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 2 OLIVERS DRIVE 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 1 FEB	£322,000	£478,397	33% below HPI
2015 30 JAN	£235,000	£353,205	33% below HPI
2006 30 JUN	£180,000	£288,880	38% below HPI

2 OLIVERS 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 three 2 OLIVERS DRIVE sales between June 2006 and February 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 January 2015 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2021 sale, which was also at 33% below the HPI.

How Large is 2 OLIVERS DRIVE?

2 OLIVERS DRIVE is 74m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% 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 OLIVERS DRIVE lies on this distribution: 5% of detached houses are smaller than 2 OLIVERS DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Witham.

2 OLIVERS DRIVE: Plot and Title Map

2 OLIVERS DRIVE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 2 OLIVERS 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 OLIVERS 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 OLIVERS DRIVE?

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