16, GRASMERE CLOSE, GREAT NOTLEY, BRAINTREE, CM77 7UF - £226,500

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

16 GRASMERE CLOSE is a very small extended detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £387,241. It was last sold for £226,500 in April 2008, which was around 33% below the average April 2008 detached price in the Braintree local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

16 GRASMERE CLOSE Sold Prices

Land registry data shows three sales for 16 GRASMERE CLOSE 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 16 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
2008 25 APR	£226,500	£338,342	33% below HPI
1997 7 MAR	£71,000	£101,975	30% below HPI
1995 30 JUN	£69,950	£95,678	27% below HPI

16 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 three 16 GRASMERE CLOSE sales between June 1995 and April 2008 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 March 1997 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2008 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 16 GRASMERE CLOSE be worth now?

16 GRASMERE CLOSE might now be worth an estimated £387,241.

This is based on house price inflation of 71%, between April 2008 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 71% inflationary increase is applied to the most recent sale price for 16 GRASMERE CLOSE of £226,500 on 25th April 2008. For the value to have increased from £226,500 to £387,241 over the fifteen years and four months to December 2024, the following assumptions must hold true:

• The value of 16 GRASMERE CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The April 2008 sale price of £226,500 represented a fair market value for the property.
• The size, condition, and specification of 16 GRASMERE CLOSE has not materially changed since April 2008.

How Large is 16 GRASMERE CLOSE?

16 GRASMERE CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% 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 16 GRASMERE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 16 GRASMERE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

16 GRASMERE CLOSE: Plot and Title Map

16 GRASMERE CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 16 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 16 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 16 GRASMERE CLOSE?

16 GRASMERE CLOSE is located in GREAT NOTLEY, in the CM77 postcode district. The below map shows the position of No. 16 on GRASMERE CLOSE.