5, FOURWAYS, ELSENHAM, BISHOP'S STORTFORD, CM22 6LP - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 FOURWAYS is a midsized detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £461,838. It was last sold for £390,000 in February 2020, which was around 37% below the average February 2020 detached price in the Uttlesford local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

5 FOURWAYS Sold Prices

Land registry data shows two sales for 5 FOURWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two 5 FOURWAYS 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 11 FEB	£390,000	£616,458	37% below HPI
1997 30 OCT	£129,000	£173,923	26% below HPI

5 FOURWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 5 FOURWAYS sales from October 1997 and February 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 October 1997 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 5 FOURWAYS be worth now?

5 FOURWAYS might now be worth an estimated £461,838.

This is based on house price inflation of 18.4%, between February 2020 and February 2025, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.4% inflationary increase is applied to the most recent sale price for 5 FOURWAYS of £390,000 on 11th February 2020. For the value to have increased from £390,000 to £461,838 over the five years to February 2025, the following assumptions must hold true:

• The value of 5 FOURWAYS has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The February 2020 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FOURWAYS has not materially changed since February 2020.

How Large is 5 FOURWAYS?

5 FOURWAYS is 121m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses houses in Elsenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elsenham, and where 5 FOURWAYS lies on this distribution: 47% of detached houses houses are smaller than 5 FOURWAYS, and 53% of houses are larger. Note that EPC data is not available for all properties in Elsenham.

5 FOURWAYS: Plot and Title Map

5 FOURWAYS sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 5 FOURWAYS, 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 5 FOURWAYS). 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 5 FOURWAYS?

5 FOURWAYS is located in ELSENHAM, in the CM22 postcode district. The below map shows the position of No. 5 on FOURWAYS.