14, ELM RISE, WITHAM, CM8 2LE - £264,000

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.

14 ELM RISE is a very small terraced house of 67m², built sometime between 1976 and 1982, which could now be worth an estimated £291,022. It was last sold for £264,000 in July 2021, which was around 9% above the average July 2021 terraced price in the Braintree local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

14 ELM RISE Sold Prices

Land registry data shows three sales for 14 ELM RISE 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. The three 14 ELM RISE sales were a mix of above the average price, and roughly equal to 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 12 JUL	£264,000	£241,562	9% above HPI
2017 13 APR	£218,900	£218,113	Close to HPI
2002 6 DEC	£114,000	£107,320	6% above HPI

14 ELM RISE 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 14 ELM RISE sales between December 2002 and July 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 April 2017 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2021 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 14 ELM RISE be worth now?

14 ELM RISE might now be worth an estimated £291,022.

This is based on house price inflation of 10.2%, between July 2021 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 10.2% inflationary increase is applied to the most recent sale price for 14 ELM RISE of £264,000 on 12th July 2021. For the value to have increased from £264,000 to £291,022 over the four years and one month to June 2025, the following assumptions must hold true:

• The value of 14 ELM RISE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The July 2021 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 14 ELM RISE has not materially changed since July 2021.

How Large is 14 ELM RISE?

14 ELM RISE is 67m² according to the EPC inspection conducted in August 2016. 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 14 ELM RISE lies on this distribution: 2% of terraced houses houses are smaller than 14 ELM RISE, and 97% of houses are larger. Note that EPC data is not available for all properties in Witham.

14 ELM RISE: Plot and Title Map

14 ELM RISE sits on a plot of roughly 0.029 of an acre, or 118m². The below map shows the location of 14 ELM RISE, 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 14 ELM RISE). 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 14 ELM RISE?

14 ELM RISE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 14 on ELM RISE.