15, BUTTERMERE, GREAT NOTLEY, BRAINTREE, CM77 7UY - £297,000

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

15 BUTTERMERE is a very small extended detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £465,044. It was last sold for £297,000 in January 2015, which was around 20% below the average January 2015 detached price in the Braintree local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

15 BUTTERMERE Sold Prices

Land registry data shows five sales for 15 BUTTERMERE 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. All of the five 15 BUTTERMERE 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
2015 19 JAN	£297,000	£369,430	20% below HPI
2011 13 APR	£245,000	£319,462	23% below HPI
2002 21 JUN	£139,995	£212,793	34% below HPI
1999 28 JUL	£75,000	£129,771	42% below HPI
1996 28 JUN	£63,000	£96,587	35% below HPI

15 BUTTERMERE 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 15 BUTTERMERE sales between June 1996 and January 2015 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 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 15 BUTTERMERE be worth now?

15 BUTTERMERE might now be worth an estimated £465,044.

This is based on house price inflation of 56.6%, between January 2015 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 56.6% inflationary increase is applied to the most recent sale price for 15 BUTTERMERE of £297,000 on 19th January 2015. For the value to have increased from £297,000 to £465,044 over the eight years and one month to December 2024, the following assumptions must hold true:

• The value of 15 BUTTERMERE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The January 2015 sale price of £297,000 represented a fair market value for the property.
• The size, condition, and specification of 15 BUTTERMERE has not materially changed since January 2015.

How Large is 15 BUTTERMERE?

15 BUTTERMERE is 88m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% 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 15 BUTTERMERE lies on this distribution: 9% of detached houses houses are smaller than 15 BUTTERMERE, and 91% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

15 BUTTERMERE: Plot and Title Map

15 BUTTERMERE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 15 BUTTERMERE, 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 15 BUTTERMERE). 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 15 BUTTERMERE?

15 BUTTERMERE is located in GREAT NOTLEY, in the CM77 postcode district. The below map shows the position of No. 15 on BUTTERMERE.