7, ELM RISE, WITHAM, CM8 2LE - £229,000

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.

7 ELM RISE is a very small extended terraced house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £330,540. It was last sold for £229,000 in May 2015, which was around 24% above the average May 2015 terraced price in the Braintree local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

7 ELM RISE Sold Prices

Land registry data shows five sales for 7 ELM RISE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. All of the five 7 ELM RISE 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 14 MAY	£229,000	£184,485	24% above HPI
2008 23 MAY	£198,000	£164,443	20% above HPI
2006 6 JAN	£165,000	£144,394	14% above HPI
1999 30 NOV	£72,000	£59,110	22% above HPI
1995 25 MAY	£48,500	£42,807	13% above HPI

7 ELM RISE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Braintree local authority area over time, sourced from the HPI. The five 7 ELM RISE sales between May 1995 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 May 2008 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2015 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 7 ELM RISE be worth now?

7 ELM RISE might now be worth an estimated £330,540.

This is based on house price inflation of 44.3%, between May 2015 and June 2025, for terraced 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 44.3% inflationary increase is applied to the most recent sale price for 7 ELM RISE of £229,000 on 14th May 2015. For the value to have increased from £229,000 to £330,540 over the nine years and eleven months to June 2025, the following assumptions must hold true:

• The value of 7 ELM RISE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The May 2015 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELM RISE has not materially changed since May 2015.

How Large is 7 ELM RISE?

7 ELM RISE is 79m², which includes two extensions, according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of terraced houses houses in Witham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Witham, and where 7 ELM RISE lies on this distribution: 7% of terraced houses houses are smaller than 7 ELM RISE, and 93% of houses are larger. Note that EPC data is not available for all properties in Witham.

7 ELM RISE: Plot and Title Map

7 ELM RISE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 7 ELM RISE, 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 7 ELM RISE). 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 7 ELM RISE?

7 ELM RISE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 7 on ELM RISE.