12, SOVEREIGN CLOSE, BRAINTREE, CM7 9DL - £277,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 SOVEREIGN CLOSE is a very small extended detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £324,359. It was last sold for £277,500 in March 2018, which was around 44% below the average March 2018 detached price in the Braintree local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

12 SOVEREIGN CLOSE Sold Prices

Land registry data shows two sales for 12 SOVEREIGN CLOSE 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 12 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
2018 28 MAR	£277,500	£494,093	44% below HPI
1995 22 SEP	£94,600	£96,794	2% below HPI

12 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 two 12 SOVEREIGN CLOSE sales from September 1995 and March 2018 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 September 1995 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2018 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 12 SOVEREIGN CLOSE be worth now?

12 SOVEREIGN CLOSE might now be worth an estimated £324,359.

This is based on house price inflation of 16.9%, between March 2018 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 16.9% inflationary increase is applied to the most recent sale price for 12 SOVEREIGN CLOSE of £277,500 on 28th March 2018. For the value to have increased from £277,500 to £324,359 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 12 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The March 2018 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 12 SOVEREIGN CLOSE has not materially changed since March 2018.

How Large is 12 SOVEREIGN CLOSE?

12 SOVEREIGN CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% 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 12 SOVEREIGN CLOSE lies on this distribution: 5% of detached houses houses are smaller than 12 SOVEREIGN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Braintree.

12 SOVEREIGN CLOSE: Plot and Title Map

12 SOVEREIGN CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 12 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 12 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 12 SOVEREIGN CLOSE?

12 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 12 on SOVEREIGN CLOSE.