8, DRIVER WAY, WITHAM, CM8 2FY - £420,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 DRIVER WAY is a midsized detached house of 115m². It was last sold for £420,000 in April 2023, which was around 23% below the average April 2023 detached price in the Braintree local authority area. The most recent EPC inspection was January 2018, where the current energy rating was B, and the potential energy rating was A.

8 DRIVER WAY Sold Prices

Land registry data shows two sales for 8 DRIVER WAY 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 8 DRIVER WAY 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
2023 24 APR	£420,000	£547,940	23% below HPI
2018 31 JAN	£374,995	£469,821	20% below HPI

8 DRIVER WAY 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 8 DRIVER WAY sales from January 2018 and April 2023 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 2018 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 DRIVER WAY?

8 DRIVER WAY is 115m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 50% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 8 DRIVER WAY lies on this distribution: 44% of detached houses are smaller than 8 DRIVER WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Witham.

8 DRIVER WAY: Plot and Title Map

8 DRIVER WAY sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 8 DRIVER WAY, 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 8 DRIVER WAY). 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 8 DRIVER WAY?

8 DRIVER WAY is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 8 on DRIVER WAY.