3, ELGAR DRIVE, WITHAM, CM8 1DS - £390,000

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

3 ELGAR DRIVE is a large detached house of 128m², built sometime between 1996 and 2002. It was last sold for £390,000 in February 2018, which was around 18% below the average February 2018 detached price in the Braintree local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

3 ELGAR DRIVE Sold Prices

Land registry data shows two sales for 3 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 3 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
2018 7 FEB	£390,000	£474,533	18% below HPI
2002 23 AUG	£247,000	£213,211	16% above HPI

3 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 3 ELGAR DRIVE sales from August 2002 and February 2018 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 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the February 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 ELGAR DRIVE?

3 ELGAR DRIVE is 128m² according to the EPC inspection conducted in November 2011. This puts it in the largest 40% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 3 ELGAR DRIVE lies on this distribution: 62% of detached houses are smaller than 3 ELGAR DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Witham.

3 ELGAR DRIVE: Plot and Title Map

3 ELGAR DRIVE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 3 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 3 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 3 ELGAR DRIVE?

3 ELGAR DRIVE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 3 on ELGAR DRIVE.