8, WAKELIN WAY, WITHAM, CM8 2TX - £410,000

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.

8 WAKELIN WAY is a midsized extended detached house of 120m², built sometime between 1976 and 1982, which could now be worth an estimated £452,811. It was last sold for £410,000 in December 2020, which was around 20% below the average December 2020 detached price in the Braintree local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

8 WAKELIN WAY Sold Prices

Land registry data shows two sales for 8 WAKELIN 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 8 WAKELIN 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 2 DEC	£410,000	£511,646	20% below HPI
2016 20 DEC	£365,000	£461,811	21% below HPI

8 WAKELIN 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 8 WAKELIN WAY sales from December 2016 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 December 2016 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 WAKELIN WAY be worth now?

8 WAKELIN WAY might now be worth an estimated £452,811.

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 8 WAKELIN WAY of £410,000 on 2nd December 2020. For the value to have increased from £410,000 to £452,811 over the five years and nine months to March 2025, the following assumptions must hold true:

• The value of 8 WAKELIN WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The December 2020 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WAKELIN WAY has not materially changed since December 2020.

How Large is 8 WAKELIN WAY?

8 WAKELIN WAY is 120m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 50% 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 8 WAKELIN WAY lies on this distribution: 52% of detached houses houses are smaller than 8 WAKELIN WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Witham.

8 WAKELIN WAY: Plot and Title Map

8 WAKELIN WAY sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 8 WAKELIN 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 8 WAKELIN 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 8 WAKELIN WAY?

8 WAKELIN WAY is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 8 on WAKELIN WAY.