18, CAMBRIDGE WAY, BURES, CO8 5BG - £350,000

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

18 CAMBRIDGE WAY is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £350,000 in April 2022, which was around 33% below the average April 2022 detached price in the Braintree local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

18 CAMBRIDGE WAY Sold Prices

Land registry data shows three sales for 18 CAMBRIDGE WAY 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 18 CAMBRIDGE WAY 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
2022 22 APR	£350,000	£525,551	33% below HPI
2020 17 JUL	£287,500	£471,438	39% below HPI
2015 2 JAN	£250,000	£353,205	29% below HPI

18 CAMBRIDGE WAY 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 18 CAMBRIDGE WAY sales between January 2015 and April 2022 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 July 2020 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the April 2022 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 18 CAMBRIDGE WAY?

18 CAMBRIDGE WAY is 90m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses in Bures, based on EPC data. The below chart shows the distribution of detached houses by size in Bures, and where 18 CAMBRIDGE WAY lies on this distribution: 20% of detached houses are smaller than 18 CAMBRIDGE WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Bures.

18 CAMBRIDGE WAY: Plot and Title Map

18 CAMBRIDGE WAY sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 18 CAMBRIDGE WAY, 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 18 CAMBRIDGE WAY). 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 18 CAMBRIDGE WAY?

18 CAMBRIDGE WAY is located in BURES, in the CO8 postcode district. The below map shows the position of No. 18 on CAMBRIDGE WAY.