1, WATER LANE, BURES, CO8 5DE - £360,000

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 WATER LANE is a large detached house of 152m², built sometime between 1983 and 1990. It was last sold for £360,000 in October 2011, which was around 16% above the average October 2011 detached price in the Braintree local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

1 WATER LANE Sold Prices

Land registry data shows two sales for 1 WATER LANE 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 1 WATER LANE sales were for above 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
2011 20 OCT	£360,000	£310,755	16% above HPI
1995 4 MAY	£125,000	£88,993	40% above HPI

1 WATER LANE 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 1 WATER LANE sales from May 1995 and October 2011 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 May 1995 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the October 2011 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 1 WATER LANE?

1 WATER LANE is 152m² according to the EPC inspection conducted in May 2011. This puts it in the largest 30% of detached houses in Bures, based on EPC data. The below chart shows the distribution of detached houses by size in Bures, and where 1 WATER LANE lies on this distribution: 78% of detached houses are smaller than 1 WATER LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Bures.

1 WATER LANE: Plot and Title Map

1 WATER LANE sits on a plot of roughly 0.215 of an acre, or 869m². The below map shows the location of 1 WATER LANE, 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 WATER LANE). 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 WATER LANE?

1 WATER LANE is located in BURES, in the CO8 postcode district. The below map shows the position of No. 1 on WATER LANE.