3, RUSSELL CLOSE, WITHAM, CM8 1UH - £505,000

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 RUSSELL CLOSE is a very large extended detached house of 159m², built sometime between 2003 and 2006, which could now be worth an estimated £569,733. It was last sold for £505,000 in June 2021, which was around 1% above the average June 2021 detached price in the Braintree local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

3 RUSSELL CLOSE Sold Prices

Land registry data shows four sales for 3 RUSSELL CLOSE 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. two of the four 3 RUSSELL CLOSE sales were for above the average price, and four 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
2021 11 JUN	£505,000	£501,361	1% above HPI
2019 19 JUL	£470,000	£488,164	4% below HPI
2009 21 AUG	£315,000	£285,842	10% above HPI
2005 16 DEC	£220,000	£292,194	25% below HPI

3 RUSSELL CLOSE 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 3 RUSSELL CLOSE sales between December 2005 and June 2021 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 July 2019 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 RUSSELL CLOSE be worth now?

3 RUSSELL CLOSE might now be worth an estimated £569,733.

This is based on house price inflation of 12.8%, between June 2021 and June 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 12.8% inflationary increase is applied to the most recent sale price for 3 RUSSELL CLOSE of £505,000 on 11th June 2021. For the value to have increased from £505,000 to £569,733 over the four years to June 2025, the following assumptions must hold true:

• The value of 3 RUSSELL CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The June 2021 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RUSSELL CLOSE has not materially changed since June 2021.

How Large is 3 RUSSELL CLOSE?

3 RUSSELL CLOSE is 159m², which includes one extension, according to the EPC inspection conducted in May 2018. 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 3 RUSSELL CLOSE lies on this distribution: 84% of detached houses houses are smaller than 3 RUSSELL CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Witham.

3 RUSSELL CLOSE: Plot and Title Map

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

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