15, TEIGN DRIVE, WITHAM, CM8 1TW - £310,000

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 TEIGN DRIVE is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £301,530. It was last sold for £310,000 in November 2022, which was around 47% below the average November 2022 detached price in the Braintree local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

15 TEIGN DRIVE Sold Prices

Land registry data shows two sales for 15 TEIGN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 15 TEIGN DRIVE 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
2022 28 NOV	£310,000	£580,942	47% below HPI
2001 7 DEC	£85,995	£192,204	55% below HPI

15 TEIGN DRIVE 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 two 15 TEIGN DRIVE sales from December 2001 and November 2022 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 December 2001 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 2022 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 15 TEIGN DRIVE be worth now?

15 TEIGN DRIVE might now be worth an estimated £301,530.

This is based on house price deflation of 2.7%, between November 2022 and March 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 2.7% deflationary decrease is applied to the most recent sale price for 15 TEIGN DRIVE of £310,000 on 28th November 2022. For the value to have decreased from £310,000 to £301,530 over the three years and eight months to March 2025, the following assumptions must hold true:

• The value of 15 TEIGN DRIVE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The November 2022 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 15 TEIGN DRIVE has not materially changed since November 2022.

How Large is 15 TEIGN DRIVE?

15 TEIGN DRIVE is 78m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% 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 15 TEIGN DRIVE lies on this distribution: 6% of detached houses houses are smaller than 15 TEIGN DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Witham.

15 TEIGN DRIVE: Plot and Title Map

15 TEIGN DRIVE sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 15 TEIGN DRIVE, 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 TEIGN DRIVE). 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 TEIGN DRIVE?

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