5, OAK DRIVE, ELSENHAM, BISHOP'S STORTFORD, CM22 6GB - £400,000

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

5 OAK DRIVE is a very small detached house of 87m². It was last sold for £400,000 in May 2024, which was around 43% below the average May 2024 detached price in the Uttlesford local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

5 OAK DRIVE Sold Prices

Land registry data shows two sales for 5 OAK DRIVE 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 OAK 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
2024 31 MAY	£400,000	£703,417	43% below HPI
2019 19 NOV	£397,500	£583,516	32% below HPI

5 OAK DRIVE 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 OAK DRIVE sales from November 2019 and May 2024 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 November 2019 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2024 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 5 OAK DRIVE?

5 OAK DRIVE is 87m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of detached houses in Elsenham, based on EPC data. The below chart shows the distribution of detached houses by size in Elsenham, and where 5 OAK DRIVE lies on this distribution: 15% of detached houses are smaller than 5 OAK DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Elsenham.

5 OAK DRIVE: Plot and Title Map

5 OAK DRIVE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 5 OAK 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 5 OAK 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 5 OAK DRIVE?

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