3, LUARD WAY, WITHAM, CM8 1DE - £430,000

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 LUARD WAY is a small extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £430,000 in December 2020, which was around 12% below the average December 2020 detached price in the Braintree local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

3 LUARD WAY Sold Prices

Land registry data shows two sales for 3 LUARD 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. Both of the two 3 LUARD WAY 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
2020 14 DEC	£430,000	£489,176	12% below HPI
2002 27 JUN	£182,500	£203,448	10% below HPI

3 LUARD 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 3 LUARD WAY sales from June 2002 and December 2020 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 June 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 LUARD WAY?

3 LUARD WAY is 111m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 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 LUARD WAY lies on this distribution: 38% of detached houses are smaller than 3 LUARD WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Witham.

3 LUARD WAY: Plot and Title Map

3 LUARD WAY sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 LUARD 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 3 LUARD 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 3 LUARD WAY?

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