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

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

48 MARKET LANE is a very small detached house of 91m². It was last sold for £395,500 in April 2022, which was around 25% below the average April 2022 detached price in the Braintree local authority area. The most recent EPC inspection was September 2014, where the current energy rating was B, and the potential energy rating was A.

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	£525,551	25% below HPI
2019 28 JUN	£312,000	£465,300	33% below HPI
2014 30 SEP	£267,995	£362,599	26% 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 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the April 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 48 MARKET LANE?

48 MARKET LANE is 91m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 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 48 MARKET LANE lies on this distribution: 18% of detached houses are smaller than 48 MARKET LANE, and 80% 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.