1, THE HOPGROUNDS, FINCHINGFIELD, BRAINTREE, CM7 4LU - £485,000

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 THE HOPGROUNDS is a midsized detached house of 143m². It was last sold for £485,000 in October 2020, which was about the average October 2020 detached price in the Braintree local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

1 THE HOPGROUNDS Sold Prices

Land registry data shows three sales for 1 THE HOPGROUNDS 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. The three 1 THE HOPGROUNDS sales were a mix of roughly equal to the average price, above the average price, and 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 9 OCT	£485,000	£487,278	Close to HPI
2017 27 OCT	£470,000	£462,333	2% above HPI
2016 15 APR	£265,000	£408,331	35% below HPI

1 THE HOPGROUNDS 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 THE HOPGROUNDS sales between April 2016 and October 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 October 2017 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2020 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 1 THE HOPGROUNDS?

1 THE HOPGROUNDS is 143m² according to the EPC inspection conducted in July 2020. This puts it in the largest 50% of detached houses in Finchingfield, based on EPC data. The below chart shows the distribution of detached houses by size in Finchingfield, and where 1 THE HOPGROUNDS lies on this distribution: 52% of detached houses are smaller than 1 THE HOPGROUNDS, and 48% of houses are larger. Note that EPC data is not available for all properties in Finchingfield.

1 THE HOPGROUNDS: Plot and Title Map

1 THE HOPGROUNDS sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 1 THE HOPGROUNDS, 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 THE HOPGROUNDS). 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 THE HOPGROUNDS?

1 THE HOPGROUNDS is located in FINCHINGFIELD, in the CM7 postcode district. The below map shows the position of No. 1 on THE HOPGROUNDS.