TRIO, SPINKS LANE, WITHAM, CM8 1EP - £450,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

TRIO is a midsized extended detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £518,362. It was last sold for £450,000 in June 2021, which was around 10% below the average June 2021 detached price in the Braintree local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

TRIO Sold Prices

Land registry data shows four sales for TRIO since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four TRIO 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
2021 16 JUN	£450,000	£501,361	10% below HPI
2016 22 JAN	£375,000	£418,523	10% below HPI
2010 2 MAR	£290,000	£315,714	8% below HPI
2005 9 SEP	£237,000	£300,397	21% below HPI

TRIO 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 four TRIO sales between September 2005 and June 2021 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 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2021 sale, which was also at 10% below the HPI.

What might TRIO be worth now?

TRIO might now be worth an estimated £518,362.

This is based on house price inflation of 15.2%, between June 2021 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 15.2% inflationary increase is applied to the most recent sale price for TRIO of £450,000 on 16th June 2021. For the value to have increased from £450,000 to £518,362 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of TRIO has moved in line with the HPI for detached houses in the Braintree local authority area.
• The June 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of TRIO has not materially changed since June 2021.

How Large is TRIO?

TRIO is 120m², which includes two extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 50% 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 TRIO lies on this distribution: 53% of detached houses houses are smaller than TRIO, and 46% of houses are larger. Note that EPC data is not available for all properties in Witham.

TRIO: Plot and Title Map

TRIO sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of TRIO, 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 TRIO). 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 TRIO?

TRIO is located on SPINKS LANE in WITHAM, in the CM8 postcode district. The below map shows the position of TRIO on SPINKS LANE.