2, PURCELL ROAD, WITHAM, CM8 1AF - £460,000

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.

2 PURCELL ROAD is a midsized detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £522,869. It was last sold for £460,000 in June 2020, which was around 8% below the average June 2020 detached price in the Braintree local authority area. The most recent EPC inspection was November 2010, where the current energy rating was C, and the potential energy rating was C.

2 PURCELL ROAD Sold Prices

Land registry data shows five sales for 2 PURCELL ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Most of the five 2 PURCELL ROAD 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
2020 12 JUN	£460,000	£497,618	8% below HPI
2014 17 OCT	£320,000	£379,304	16% below HPI
2008 16 JAN	£318,500	£341,808	7% below HPI
2006 6 JAN	£312,500	£294,699	6% above HPI
2004 23 MAR	£300,000	£271,791	10% above HPI

2 PURCELL ROAD 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 five 2 PURCELL ROAD sales between March 2004 and June 2020 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 October 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 PURCELL ROAD be worth now?

2 PURCELL ROAD might now be worth an estimated £522,869.

This is based on house price inflation of 13.7%, between June 2020 and June 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 13.7% inflationary increase is applied to the most recent sale price for 2 PURCELL ROAD of £460,000 on 12th June 2020. For the value to have increased from £460,000 to £522,869 over the five years to June 2025, the following assumptions must hold true:

• The value of 2 PURCELL ROAD has moved in line with the HPI for detached houses in the Braintree local authority area.
• The June 2020 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PURCELL ROAD has not materially changed since June 2020.

How Large is 2 PURCELL ROAD?

2 PURCELL ROAD is 116m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 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 2 PURCELL ROAD lies on this distribution: 47% of detached houses houses are smaller than 2 PURCELL ROAD, and 53% of houses are larger. Note that EPC data is not available for all properties in Witham.

2 PURCELL ROAD: Plot and Title Map

2 PURCELL ROAD sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 2 PURCELL ROAD, 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 2 PURCELL ROAD). 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 2 PURCELL ROAD?

2 PURCELL ROAD is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 2 on PURCELL ROAD.