3, KING EDWARD WAY, WITHAM, CM8 1NJ - £276,000

3 KING EDWARD WAY is a very small semi-detached house of 83m², built sometime between 1976 and 1982. It was last sold for £276,000 in April 2023, which was around 50% below the average April 2023 detached price in the Braintree local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

3 KING EDWARD WAY Sold Prices

Land registry data shows five sales for 3 KING EDWARD WAY 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. All of the five 3 KING EDWARD WAY 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
2023 21 APR	£276,000	£546,912	50% below HPI
2014 7 MAR	£174,000	£328,500	47% below HPI
2006 23 OCT	£145,000	£297,039	51% below HPI
2002 26 NOV	£97,000	£233,154	58% below HPI
2001 26 OCT	£74,250	£177,497	58% below HPI

3 KING EDWARD WAY 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 3 KING EDWARD WAY sales between October 2001 and April 2023 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 March 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2023 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 3 KING EDWARD WAY?

3 KING EDWARD WAY is 83m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 3 KING EDWARD WAY lies on this distribution: 10% of detached houses are smaller than 3 KING EDWARD WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Witham.

3 KING EDWARD WAY: Plot and Title Map

3 KING EDWARD WAY sits on a plot of roughly 0.019 of an acre, or 78m². The below map shows the location of 3 KING EDWARD WAY, 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 3 KING EDWARD WAY). 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 3 KING EDWARD WAY?

3 KING EDWARD WAY is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 3 on KING EDWARD WAY.