12, NEW ROAD, GOSFIELD, HALSTEAD, CO9 1PT - £397,000

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.

12 NEW ROAD is a very small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £480,119. It was last sold for £397,000 in August 2017, which was around 17% below the average August 2017 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.

12 NEW ROAD Sold Prices

Land registry data shows four sales for 12 NEW ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four 12 NEW ROAD 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
2017 10 AUG	£397,000	£477,544	17% below HPI
2012 2 APR	£266,000	£309,200	14% below HPI
2010 19 MAR	£213,500	£315,714	32% below HPI
2009 7 SEP	£175,000	£293,095	40% below HPI

12 NEW ROAD 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 four 12 NEW ROAD sales between September 2009 and August 2017 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 April 2012 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2017 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 12 NEW ROAD be worth now?

12 NEW ROAD might now be worth an estimated £480,119.

This is based on house price inflation of 20.9%, between August 2017 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 20.9% inflationary increase is applied to the most recent sale price for 12 NEW ROAD of £397,000 on 10th August 2017. For the value to have increased from £397,000 to £480,119 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 12 NEW ROAD has moved in line with the HPI for detached houses in the Braintree local authority area.
• The August 2017 sale price of £397,000 represented a fair market value for the property.
• The size, condition, and specification of 12 NEW ROAD has not materially changed since August 2017.

How Large is 12 NEW ROAD?

12 NEW ROAD is 77m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses houses in Gosfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosfield, and where 12 NEW ROAD lies on this distribution: 9% of detached houses houses are smaller than 12 NEW ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Gosfield.

12 NEW ROAD: Plot and Title Map

12 NEW ROAD sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of 12 NEW ROAD, 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 12 NEW ROAD). 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 12 NEW ROAD?

12 NEW ROAD is located in GOSFIELD, in the CO9 postcode district. The below map shows the position of No. 12 on NEW ROAD.