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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). 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 40% 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	£464,928	40% below HPI
2005 18 MAR	£167,000	£280,370	40% below HPI
1995 30 OCT	£75,000	£92,992	19% 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 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2019 sale, which was also at 40% below the HPI.

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 in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 1 SOVEREIGN CLOSE lies on this distribution: 10% of detached 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.