15, DRIVER WAY, WITHAM, CM8 2FY - £290,000

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.

15 DRIVER WAY is a very small semi-detached house of 71m², built in 2017, which could now be worth an estimated £330,009. It was last sold for £290,000 in March 2021, which was around 1% below the average March 2021 semi-detached price in the Braintree local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

15 DRIVER WAY Sold Prices

Land registry data shows two sales for 15 DRIVER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. Both of the two 15 DRIVER 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
2021 5 MAR	£290,000	£292,520	1% below HPI
2017 30 NOV	£279,995	£285,264	2% below HPI

15 DRIVER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The two 15 DRIVER WAY sales from November 2017 and March 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 November 2017 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 15 DRIVER WAY be worth now?

15 DRIVER WAY might now be worth an estimated £330,009.

This is based on house price inflation of 13.8%, between March 2021 and May 2026, for semi-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 13.8% inflationary increase is applied to the most recent sale price for 15 DRIVER WAY of £290,000 on 5th March 2021. For the value to have increased from £290,000 to £330,009 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 15 DRIVER WAY has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The March 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 15 DRIVER WAY has not materially changed since March 2021.

How Large is 15 DRIVER WAY?

15 DRIVER WAY is 71m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of semi-detached houses houses in Witham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Witham, and where 15 DRIVER WAY lies on this distribution: 4% of semi-detached houses houses are smaller than 15 DRIVER WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Witham.

15 DRIVER WAY: Plot and Title Map

15 DRIVER WAY sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 15 DRIVER 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 15 DRIVER 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 15 DRIVER WAY?

15 DRIVER WAY is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 15 on DRIVER WAY.