9, MARKET LANE, WITHAM, CM8 1GF - £395,000

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

9 MARKET LANE is a very small detached house of 84m². It was last sold for £395,000 in October 2022, which was around 28% below the average October 2022 detached price in the Braintree local authority area. The most recent EPC inspection was March 2013, where the current energy rating was B, and the potential energy rating was A.

9 MARKET LANE Sold Prices

Land registry data shows two sales for 9 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 9 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
2022 21 OCT	£395,000	£549,494	28% below HPI
2014 31 JUL	£247,995	£352,868	30% below HPI

9 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 9 MARKET LANE sales from July 2014 and October 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 2014 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 9 MARKET LANE?

9 MARKET LANE is 84m² according to the EPC inspection conducted in March 2013. 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 9 MARKET LANE lies on this distribution: 10% of detached houses are smaller than 9 MARKET LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Witham.

9 MARKET LANE: Plot and Title Map

9 MARKET LANE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 9 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 9 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 9 MARKET LANE?

9 MARKET LANE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 9 on MARKET LANE.