MONKSLEA, EARLSMEAD, WITHAM, CM8 2EH - £480,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MONKSLEA is a very large extended detached house of 152m², built sometime between 1991 and 1995, which could now be worth an estimated £816,068. It was last sold for £480,000 in November 2013, which was around 41% above the average November 2013 detached price in the Braintree local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

MONKSLEA Sold Prices

Land registry data shows three sales for MONKSLEA 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 MONKSLEA sales were for above 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
2013 28 NOV	£480,000	£339,693	41% above HPI
2009 25 NOV	£405,000	£301,518	34% above HPI
1995 17 AUG	£159,500	£98,433	62% above HPI

MONKSLEA 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 MONKSLEA sales between August 1995 and November 2013 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 November 2009 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2013 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might MONKSLEA be worth now?

MONKSLEA might now be worth an estimated £816,068.

This is based on house price inflation of 70%, between November 2013 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 70% inflationary increase is applied to the most recent sale price for MONKSLEA of £480,000 on 28th November 2013. For the value to have increased from £480,000 to £816,068 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of MONKSLEA has moved in line with the HPI for detached houses in the Braintree local authority area.
• The November 2013 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of MONKSLEA has not materially changed since November 2013.

How Large is MONKSLEA?

MONKSLEA is 152m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses houses in Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witham, and where MONKSLEA lies on this distribution: 81% of detached houses houses are smaller than MONKSLEA, and 18% of houses are larger. Note that EPC data is not available for all properties in Witham.

MONKSLEA: Plot and Title Map

MONKSLEA sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of MONKSLEA, 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 MONKSLEA). 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 MONKSLEA?

MONKSLEA is located on EARLSMEAD in WITHAM, in the CM8 postcode district. The below map shows the position of MONKSLEA on EARLSMEAD.