55, Oak Road
55, Oak Road
Description & Estimates
55, Oak Road, Witham is recorded publicly as a mid-century freehold house across 968 ft2 of internal area, sitting on a 576 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 55, Oak Road, Witham is £394,324 and its rental estimate is £1,630 per month, given the available information and assuming reasonable condition.
Oak Road, Rivenhall, Witham, CM8 falls within the CM8 postal district, in the borough of Braintree.
Our Data Sources
55, Oak Road, Witham has a single entry in the Land Registry from September 2023 and a single entry in the EPC database dated April 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 55, Oak Road, Witham, we estimate a market value of £414,040 and a rental value of £1,711 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £366,721 and £1,516 per month respectively.
Recent Market Change
Over the last year, 55, Oak Road, Witham has seen its estimated sale value fall by £8,401 (2.1%) and its estimated rental value move up by £52 per month (3.2%). This results in an estimated gross rental yield of 5.0%.
Plot Size
HM Land Registry records the plot of land for 55, Oak Road, Witham as measuring 576 m2.
That makes it the 12th largest plot in the postcode, where 27 of the 31 other houses have recorded plot data.
Energy Efficiency
55, Oak Road, Witham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Apr 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 55, Oak Road, Witham completed on 19th September 2023 at £330,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 4.0% over the period since September 2023.
- Sold Sep 2023£330,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 55, Oak Road, Witham have sold within a radius of 1.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th March 2023, was 10, Foxden, Witham, CM8 3HN, a freehold house which sold for £385,000.
Read more about house prices in CM8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 56 addresses on Oak Road, Rivenhall, Witham, CM8, 55, Oak Road, Witham comes out as the 35th largest and the 31st most expensive in our analysis of the public data.
It is also £51k more expensive than the average property across the CM8 district.
More reading links
Schools Nearby
- 1.5kmRivenhall Church of England Primary School
- 1.9kmElm Hall Primary School
- 2.1kmTemplars Academy
- 2.0kmLift New Rickstones
- 3.2kmLift Maltings
- 5.7kmThurstable School
More reading links
Public Transport Nearby
From 55, Oak Road, Witham, the nearest station is Witham, 2.2 kilometres away.
- 2.2kmWitham
- 3.6kmKelvedon
- 5.3kmWhite Notley
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
