1, SOVEREIGN CLOSE, BRAINTREE, CM7 9DJ - £280,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 SOVEREIGN CLOSE is a very small extended detached house of 75m², built sometime between 1991 and 1995. It was last sold for £280,000 in October 2019, which was around 42% below the average October 2019 detached price in the Braintree local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

1 SOVEREIGN CLOSE Sold Prices

Land registry data shows three sales for 1 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 1 SOVEREIGN CLOSE 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
2019 10 OCT	£280,000	£486,284	42% below HPI
2005 18 MAR	£167,000	£293,249	43% below HPI
1995 30 OCT	£75,000	£97,264	23% below HPI

1 SOVEREIGN 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 three 1 SOVEREIGN CLOSE sales between October 1995 and October 2019 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 March 2005 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2019 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 1 SOVEREIGN CLOSE be worth now?

1 SOVEREIGN CLOSE might now be worth an estimated £333,072.

This is based on house price inflation of 19%, between October 2019 and December 2024, 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 19% inflationary increase is applied to the most recent sale price for 1 SOVEREIGN CLOSE of £280,000 on 10th October 2019. For the value to have increased from £280,000 to £333,072 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of 1 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The October 2019 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SOVEREIGN CLOSE has not materially changed since October 2019.

How Large is 1 SOVEREIGN CLOSE?

1 SOVEREIGN CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 20% of detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Braintree, and where 1 SOVEREIGN CLOSE lies on this distribution: 11% of detached houses houses are smaller than 1 SOVEREIGN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Braintree.

1 SOVEREIGN CLOSE: Plot and Title Map

1 SOVEREIGN CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 1 SOVEREIGN 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 1 SOVEREIGN 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 1 SOVEREIGN CLOSE?

1 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 1 on SOVEREIGN CLOSE.