50, MARKET LANE, WITHAM, CM8 1GF - £315,000

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

50 MARKET LANE is a very small detached house of 91m². It was last sold for £315,000 in February 2021, which was around 34% below the average February 2021 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.

50 MARKET LANE Sold Prices

Land registry data shows two sales for 50 MARKET LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 50 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
2021 16 FEB	£315,000	£478,397	34% below HPI
2014 30 SEP	£262,995	£362,599	27% below HPI

50 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 two 50 MARKET LANE sales from September 2014 and February 2021 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 September 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 50 MARKET LANE?

50 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 50 MARKET LANE lies on this distribution: 18% of detached houses are smaller than 50 MARKET LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Witham.

50 MARKET LANE: Plot and Title Map

50 MARKET LANE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 50 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 50 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 50 MARKET LANE?

50 MARKET LANE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 50 on MARKET LANE.