10, SOVEREIGN CLOSE, BRAINTREE, CM7 9DL - £385,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 SOVEREIGN CLOSE is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £491,408. It was last sold for £385,000 in November 2016, which was around 15% below the average November 2016 detached price in the Braintree local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

10 SOVEREIGN CLOSE Sold Prices

Land registry data shows five sales for 10 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Most of the five 10 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
2016 14 NOV	£385,000	£452,470	15% below HPI
2002 26 MAR	£189,000	£202,231	7% below HPI
2000 8 JUN	£140,000	£149,955	7% below HPI
2000 20 APR	£140,000	£142,971	2% below HPI
1995 15 DEC	£134,500	£97,373	38% above HPI

10 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 five 10 SOVEREIGN CLOSE sales between December 1995 and November 2016 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 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 10 SOVEREIGN CLOSE be worth now?

10 SOVEREIGN CLOSE might now be worth an estimated £491,408.

This is based on house price inflation of 27.6%, between November 2016 and February 2025, 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 27.6% inflationary increase is applied to the most recent sale price for 10 SOVEREIGN CLOSE of £385,000 on 14th November 2016. For the value to have increased from £385,000 to £491,408 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 10 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The November 2016 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 10 SOVEREIGN CLOSE has not materially changed since November 2016.

How Large is 10 SOVEREIGN CLOSE?

10 SOVEREIGN CLOSE is 119m² according to the EPC inspection conducted in June 2016. This puts it in the largest 40% 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 10 SOVEREIGN CLOSE lies on this distribution: 60% of detached houses houses are smaller than 10 SOVEREIGN CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Braintree.

10 SOVEREIGN CLOSE: Plot and Title Map

10 SOVEREIGN CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 10 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 10 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 10 SOVEREIGN CLOSE?

10 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 10 on SOVEREIGN CLOSE.