14, GRASMERE CLOSE, GREAT NOTLEY, BRAINTREE, CM77 7UF - £99,500

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

14 GRASMERE CLOSE is a midsized extended detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £474,848. It was last sold for £99,500 in August 1998, which was around 18% below the average August 1998 detached price in the Braintree local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

14 GRASMERE CLOSE Sold Prices

Land registry data shows two sales for 14 GRASMERE 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 14 GRASMERE 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
1998 26 AUG	£99,500	£121,210	18% below HPI
1996 16 AUG	£5,000	£98,523	95% below HPI

14 GRASMERE 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 14 GRASMERE CLOSE sales from August 1996 and August 1998 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 August 1996 sale was for 95% below the HPI. So the extrapolation line tracks at 95% below the HPI over time, until the August 1998 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 14 GRASMERE CLOSE be worth now?

14 GRASMERE CLOSE might now be worth an estimated £474,848.

This is based on house price inflation of 377.2%, between August 1998 and December 2024, 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 377.2% inflationary increase is applied to the most recent sale price for 14 GRASMERE CLOSE of £99,500 on 26th August 1998. For the value to have increased from £99,500 to £474,848 over the 25 years and eight months to December 2024, the following assumptions must hold true:

• The value of 14 GRASMERE CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The August 1998 sale price of £99,500 represented a fair market value for the property.
• The size, condition, and specification of 14 GRASMERE CLOSE has not materially changed since August 1998.

How Large is 14 GRASMERE CLOSE?

14 GRASMERE CLOSE is 131m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 50% of detached houses houses in Great Notley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Notley, and where 14 GRASMERE CLOSE lies on this distribution: 52% of detached houses houses are smaller than 14 GRASMERE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

14 GRASMERE CLOSE: Plot and Title Map

14 GRASMERE CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 14 GRASMERE 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 14 GRASMERE 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 14 GRASMERE CLOSE?

14 GRASMERE CLOSE is located in GREAT NOTLEY, in the CM77 postcode district. The below map shows the position of No. 14 on GRASMERE CLOSE.