15, THE LEY, BRAINTREE, CM7 3NS - £285,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 THE LEY is a small detached house of 102m², built sometime between 1983 and 1990. It was last sold for £285,000 in November 2014, which was around 21% below the average November 2014 detached price in the Braintree local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

15 THE LEY Sold Prices

Land registry data shows three sales for 15 THE LEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 15 THE LEY 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
2014 24 NOV	£285,000	£360,977	21% below HPI
2006 31 MAY	£250,000	£286,913	13% below HPI
1995 15 SEP	£81,000	£92,543	12% below HPI

15 THE LEY 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 three 15 THE LEY sales between September 1995 and November 2014 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 May 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2014 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 15 THE LEY?

15 THE LEY is 102m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 15 THE LEY lies on this distribution: 39% of detached houses are smaller than 15 THE LEY, and 60% of houses are larger. Note that EPC data is not available for all properties in Braintree.

15 THE LEY: Plot and Title Map

15 THE LEY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 15 THE LEY, 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 THE LEY). 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 THE LEY?

15 THE LEY is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 15 on THE LEY.