29, THE AVENUE, WITHAM, CM8 2DN - £495,000

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.

29 THE AVENUE is a large extended detached house of 151m², built sometime between 1930 and 1949, which could now be worth an estimated £709,440. It was last sold for £495,000 in May 2015, which was around 27% above the average May 2015 detached price in the Braintree local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was D.

29 THE AVENUE Sold Prices

Land registry data shows four sales for 29 THE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Most of the four 29 THE AVENUE sales were for above 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
2015 18 MAY	£495,000	£388,562	27% above HPI
2013 30 JAN	£450,000	£323,582	39% above HPI
2004 30 JAN	£295,000	£267,726	10% above HPI
1999 21 DEC	£135,000	£137,974	2% below HPI

29 THE AVENUE 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 four 29 THE AVENUE sales between December 1999 and May 2015 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 January 2013 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the May 2015 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 29 THE AVENUE be worth now?

29 THE AVENUE might now be worth an estimated £709,440.

This is based on house price inflation of 43.3%, between May 2015 and May 2026, 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 43.3% inflationary increase is applied to the most recent sale price for 29 THE AVENUE of £495,000 on 18th May 2015. For the value to have increased from £495,000 to £709,440 over the eleven years to May 2026, the following assumptions must hold true:

• The value of 29 THE AVENUE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2015 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 29 THE AVENUE has not materially changed since May 2015.

How Large is 29 THE AVENUE?

29 THE AVENUE is 151m², which includes two extensions, according to the EPC inspection conducted in December 2010. This puts it in the largest 20% 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 29 THE AVENUE lies on this distribution: 79% of detached houses houses are smaller than 29 THE AVENUE, and 19% of houses are larger. Note that EPC data is not available for all properties in Witham.

29 THE AVENUE: Plot and Title Map

29 THE AVENUE sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of 29 THE AVENUE, 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 29 THE AVENUE). 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 29 THE AVENUE?

29 THE AVENUE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 29 on THE AVENUE.