22, FRANKLIN DRIVE, ELSENHAM, BISHOP'S STORTFORD, CM22 6UG - £635,000

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.

22 FRANKLIN DRIVE is a large detached house of 149m², built in 2016, which could now be worth an estimated £664,347. It was last sold for £635,000 in June 2022, which was around 10% below the average June 2022 detached price in the Uttlesford local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was A.

22 FRANKLIN DRIVE Sold Prices

Land registry data shows two sales for 22 FRANKLIN 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 Uttlesford local authority area for the corresponding sale date. Both of the two 22 FRANKLIN 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 7 JUN	£635,000	£708,647	10% below HPI
2017 27 OCT	£545,000	£618,417	12% below HPI

22 FRANKLIN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two 22 FRANKLIN DRIVE sales from October 2017 and June 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 October 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 22 FRANKLIN DRIVE be worth now?

22 FRANKLIN DRIVE might now be worth an estimated £664,347.

This is based on house price inflation of 4.6%, between June 2022 and May 2026, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.6% inflationary increase is applied to the most recent sale price for 22 FRANKLIN DRIVE of £635,000 on 7th June 2022. For the value to have increased from £635,000 to £664,347 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 22 FRANKLIN DRIVE has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The June 2022 sale price of £635,000 represented a fair market value for the property.
• The size, condition, and specification of 22 FRANKLIN DRIVE has not materially changed since June 2022.

How Large is 22 FRANKLIN DRIVE?

22 FRANKLIN DRIVE is 149m² according to the EPC inspection conducted in October 2017. This puts it in the largest 40% of detached houses houses in Elsenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elsenham, and where 22 FRANKLIN DRIVE lies on this distribution: 64% of detached houses houses are smaller than 22 FRANKLIN DRIVE, and 32% of houses are larger. Note that EPC data is not available for all properties in Elsenham.

22 FRANKLIN DRIVE: Plot and Title Map

22 FRANKLIN DRIVE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 22 FRANKLIN 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 22 FRANKLIN 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 22 FRANKLIN DRIVE?

22 FRANKLIN DRIVE is located in ELSENHAM, in the CM22 postcode district. The below map shows the position of No. 22 on FRANKLIN DRIVE.