3, LUARD WAY, WITHAM, CM8 1DE - £430,000

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.

3 LUARD WAY is a small extended detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £474,899. It was last sold for £430,000 in December 2020, which was around 16% below the average December 2020 detached price in the Braintree local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

3 LUARD WAY Sold Prices

Land registry data shows two sales for 3 LUARD WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 3 LUARD 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
2020 14 DEC	£430,000	£511,646	16% below HPI
2002 27 JUN	£182,500	£212,793	14% below HPI

3 LUARD 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 two 3 LUARD WAY sales from June 2002 and December 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 June 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2020 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 LUARD WAY be worth now?

3 LUARD WAY might now be worth an estimated £474,899.

This is based on house price inflation of 10.4%, between December 2020 and March 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 10.4% inflationary increase is applied to the most recent sale price for 3 LUARD WAY of £430,000 on 14th December 2020. For the value to have increased from £430,000 to £474,899 over the five years and nine months to March 2025, the following assumptions must hold true:

• The value of 3 LUARD WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The December 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LUARD WAY has not materially changed since December 2020.

How Large is 3 LUARD WAY?

3 LUARD WAY is 111m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% 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 3 LUARD WAY lies on this distribution: 38% of detached houses houses are smaller than 3 LUARD WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Witham.

3 LUARD WAY: Plot and Title Map

3 LUARD WAY sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 LUARD 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 LUARD 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 LUARD WAY?

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