40, ELGAR DRIVE, WITHAM, CM8 1QD - £270,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 ELGAR DRIVE is a very small detached house of 79m², built sometime between 2003 and 2006. It was last sold for £270,000 in June 2020, which was around 43% below the average June 2020 detached price in the Braintree local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

40 ELGAR DRIVE Sold Prices

Land registry data shows three sales for 40 ELGAR 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 40 ELGAR 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
2020 30 JUN	£270,000	£475,764	43% below HPI
2005 24 JUN	£185,000	£275,005	33% below HPI
2003 9 MAY	£171,000	£247,623	31% below HPI

40 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 three 40 ELGAR DRIVE sales between May 2003 and June 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 2005 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2020 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 40 ELGAR DRIVE?

40 ELGAR DRIVE is 79m² according to the EPC inspection conducted in August 2018. 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 40 ELGAR DRIVE lies on this distribution: 7% of detached houses are smaller than 40 ELGAR DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Witham.

40 ELGAR DRIVE: Plot and Title Map

40 ELGAR DRIVE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 40 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 40 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 40 ELGAR DRIVE?

40 ELGAR DRIVE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 40 on ELGAR DRIVE.