18, PEARL DRIVE, BRAINTREE, CM7 3RR - £465,000

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 PEARL DRIVE is a very large detached house of 146m², built sometime between 1996 and 2002. It was last sold for £465,000 in December 2023, which was around 14% below the average December 2023 detached price in the Braintree local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

18 PEARL DRIVE Sold Prices

Land registry data shows three sales for 18 PEARL DRIVE 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. Two of the three 18 PEARL DRIVE sales were for below the average price, whilst one was for above 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
2023 18 DEC	£465,000	£540,298	14% below HPI
2021 22 JUL	£390,000	£476,776	18% below HPI
2003 20 MAY	£249,950	£247,623	1% above HPI

18 PEARL DRIVE 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 PEARL DRIVE sales between May 2003 and December 2023 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 2021 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 18 PEARL DRIVE?

18 PEARL DRIVE is 146m² according to the EPC inspection conducted in April 2015. This puts it in the largest 20% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 18 PEARL DRIVE lies on this distribution: 83% of detached houses are smaller than 18 PEARL DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Braintree.

18 PEARL DRIVE: Plot and Title Map

18 PEARL DRIVE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 18 PEARL DRIVE, 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 PEARL DRIVE). 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 PEARL DRIVE?

18 PEARL DRIVE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 18 on PEARL DRIVE.