7, THE AVENUE, WITHAM, CM8 2DN - £405,000

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

7 THE AVENUE is a small extended detached house of 101m², built sometime between 1930 and 1949. It was last sold for £405,000 in September 2020, which was around 15% below the average September 2020 detached price in the Braintree local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

7 THE AVENUE Sold Prices

Land registry data shows three sales for 7 THE AVENUE 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 7 THE AVENUE 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 17 SEP	£405,000	£475,204	15% below HPI
2004 29 JAN	£195,000	£255,968	24% below HPI
2002 23 AUG	£172,500	£213,211	19% below HPI

7 THE AVENUE 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 7 THE AVENUE sales between August 2002 and September 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 January 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 THE AVENUE?

7 THE AVENUE is 101m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 7 THE AVENUE lies on this distribution: 30% of detached houses are smaller than 7 THE AVENUE, and 69% of houses are larger. Note that EPC data is not available for all properties in Witham.

7 THE AVENUE: Plot and Title Map

7 THE AVENUE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 7 THE AVENUE, 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 7 THE AVENUE). 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 7 THE AVENUE?

7 THE AVENUE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 7 on THE AVENUE.