48, MARKET LANE, WITHAM, CM8 1GF - £395,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

48 MARKET LANE is a small detached house of 108m², built sometime from 2012 onwards, which could now be worth an estimated £416,195. It was last sold for £395,500 in April 2022, which was around 28% below the average April 2022 detached price in the Braintree local authority area. The most recent EPC inspection was November 2024, where the current energy rating was C, and the potential energy rating was B.

48 MARKET LANE Sold Prices

Land registry data shows three sales for 48 MARKET LANE 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 48 MARKET LANE 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
2022 5 APR	£395,500	£549,692	28% below HPI
2019 28 JUN	£312,000	£486,673	36% below HPI
2014 30 SEP	£267,995	£379,255	29% below HPI

48 MARKET LANE 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 48 MARKET LANE sales between September 2014 and April 2022 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 2019 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 48 MARKET LANE be worth now?

48 MARKET LANE might now be worth an estimated £416,195.

This is based on house price inflation of 5.2%, between April 2022 and December 2024, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.2% inflationary increase is applied to the most recent sale price for 48 MARKET LANE of £395,500 on 5th April 2022. For the value to have increased from £395,500 to £416,195 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 48 MARKET LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The April 2022 sale price of £395,500 represented a fair market value for the property.
• The size, condition, and specification of 48 MARKET LANE has not materially changed since April 2022.

How Large is 48 MARKET LANE?

48 MARKET LANE is 108m² according to the EPC inspection conducted in November 2024. This puts it in the smallest 40% of detached houses houses in Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witham, and where 48 MARKET LANE lies on this distribution: 36% of detached houses houses are smaller than 48 MARKET LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Witham.

48 MARKET LANE: Plot and Title Map

48 MARKET LANE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 48 MARKET LANE, 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 48 MARKET LANE). 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 48 MARKET LANE?

48 MARKET LANE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 48 on MARKET LANE.