22, WALNUT DRIVE, WITHAM, CM8 2ST - £242,500

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 WALNUT DRIVE is a very small semi-detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £277,538. It was last sold for £242,500 in July 2019, which was around 15% below the average July 2019 semi-detached price in the Braintree local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

22 WALNUT DRIVE Sold Prices

Land registry data shows three sales for 22 WALNUT DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. All of the three 22 WALNUT 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
2019 12 JUL	£242,500	£286,038	15% below HPI
2008 19 MAY	£155,000	£200,097	23% below HPI
2000 30 JUN	£69,000	£84,287	18% below HPI

22 WALNUT DRIVE 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 three 22 WALNUT DRIVE sales between June 2000 and July 2019 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 May 2008 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 22 WALNUT DRIVE be worth now?

22 WALNUT DRIVE might now be worth an estimated £277,538.

This is based on house price inflation of 14.4%, between July 2019 and April 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 14.4% inflationary increase is applied to the most recent sale price for 22 WALNUT DRIVE of £242,500 on 12th July 2019. For the value to have increased from £242,500 to £277,538 over the seven years and three months to April 2026, the following assumptions must hold true:

• The value of 22 WALNUT DRIVE has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The July 2019 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 22 WALNUT DRIVE has not materially changed since July 2019.

How Large is 22 WALNUT DRIVE?

22 WALNUT DRIVE is 76m² according to the EPC inspection conducted in October 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 22 WALNUT DRIVE lies on this distribution: 6% of semi-detached houses houses are smaller than 22 WALNUT DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Witham.

22 WALNUT DRIVE: Plot and Title Map

22 WALNUT DRIVE sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 22 WALNUT 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 WALNUT 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 WALNUT DRIVE?

22 WALNUT DRIVE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 22 on WALNUT DRIVE.