124, MORTIMER WAY, WITHAM, CM8 1UJ - £49,500

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.

124 MORTIMER WAY is a very small terraced house of 63m², built sometime between 2003 and 2006, which could now be worth an estimated £80,338. It was last sold for £49,500 in March 2014, which was around 70% below the average March 2014 terraced price in the Braintree local authority area. The most recent EPC inspection was June 2010, where the current energy rating was B, and the potential energy rating was B.

124 MORTIMER WAY Sold Prices

Land registry data shows three sales for 124 MORTIMER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. All of the three 124 MORTIMER 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
2014 7 MAR	£49,500	£164,071	70% below HPI
2011 22 FEB	£46,500	£147,102	68% below HPI
2008 29 FEB	£58,500	£169,217	65% below HPI

124 MORTIMER WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Braintree local authority area over time, sourced from the HPI. The three 124 MORTIMER WAY sales between February 2008 and March 2014 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 February 2011 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the March 2014 sale, where it falls to 70% below the HPI. The line then continues to track at 70% below the HPI.

What might 124 MORTIMER WAY be worth now?

124 MORTIMER WAY might now be worth an estimated £80,338.

This is based on house price inflation of 62.3%, between March 2014 and June 2025, for terraced 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 62.3% inflationary increase is applied to the most recent sale price for 124 MORTIMER WAY of £49,500 on 7th March 2014. For the value to have increased from £49,500 to £80,338 over the ten years and nine months to June 2025, the following assumptions must hold true:

• The value of 124 MORTIMER WAY has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The March 2014 sale price of £49,500 represented a fair market value for the property.
• The size, condition, and specification of 124 MORTIMER WAY has not materially changed since March 2014.

How Large is 124 MORTIMER WAY?

124 MORTIMER WAY is 63m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of terraced houses houses in Witham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Witham, and where 124 MORTIMER WAY lies on this distribution: 1% of terraced houses houses are smaller than 124 MORTIMER WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Witham.

124 MORTIMER WAY: Plot and Title Map

124 MORTIMER WAY sits on a plot of roughly 0.606 of an acre, or 2,453m². The below map shows the location of 124 MORTIMER 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 124 MORTIMER 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 124 MORTIMER WAY?

124 MORTIMER WAY is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 124 on MORTIMER WAY.