25, ELGAR DRIVE, WITHAM, CM8 1DS - £480,000

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

25 ELGAR DRIVE is a very large extended detached house of 159m², built sometime between 1996 and 2002. It was last sold for £480,000 in July 2019, which was around 3% above the average July 2019 detached price in the Braintree local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

25 ELGAR DRIVE Sold Prices

Land registry data shows two sales for 25 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. Both of the two 25 ELGAR DRIVE sales were 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
2019 8 JUL	£480,000	£466,725	3% above HPI
2003 28 FEB	£295,000	£244,010	21% above HPI

25 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 25 ELGAR DRIVE sales from February 2003 and July 2019 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 2003 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2019 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 25 ELGAR DRIVE?

25 ELGAR DRIVE is 159m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 20% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 25 ELGAR DRIVE lies on this distribution: 84% of detached houses are smaller than 25 ELGAR DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Witham.

25 ELGAR DRIVE: Plot and Title Map

25 ELGAR DRIVE sits on a plot of roughly 0.071 of an acre, or 285m². The below map shows the location of 25 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 25 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 25 ELGAR DRIVE?

25 ELGAR DRIVE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 25 on ELGAR DRIVE.