8, ELGAR DRIVE, WITHAM, CM8 1DL - £600,000

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

8 ELGAR DRIVE is a large detached house of 131m², built sometime between 1996 and 2002. It was last sold for £600,000 in November 2022, which was around 8% above the average November 2022 detached price in the Braintree local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

8 ELGAR DRIVE Sold Prices

Land registry data shows three sales for 8 ELGAR DRIVE 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. Two of the three 8 ELGAR DRIVE sales were for above the average price, whilst one was 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
2022 2 NOV	£600,000	£555,429	8% above HPI
2010 16 JUL	£310,000	£313,999	1% below HPI
2002 9 SEP	£260,000	£220,534	18% above HPI

8 ELGAR DRIVE 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 8 ELGAR DRIVE sales between September 2002 and November 2022 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 July 2010 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2022 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 8 ELGAR DRIVE?

8 ELGAR DRIVE is 131m² according to the EPC inspection conducted in August 2021. This puts it in the largest 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 8 ELGAR DRIVE lies on this distribution: 64% of detached houses are smaller than 8 ELGAR DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Witham.

8 ELGAR DRIVE: Plot and Title Map

8 ELGAR DRIVE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 8 ELGAR 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 8 ELGAR 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 8 ELGAR DRIVE?

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