2, CHESTNUT AVENUE, GREAT NOTLEY, BRAINTREE, CM77 7YJ - £645,000

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

2 CHESTNUT AVENUE is a very large extended detached house of 254m², built sometime between 1996 and 2002. It was last sold for £645,000 in May 2023, which was around 18% above the average May 2023 detached price in the Braintree local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

2 CHESTNUT AVENUE Sold Prices

Land registry data shows two sales for 2 CHESTNUT AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 2 CHESTNUT AVENUE sales were 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 12 MAY	£645,000	£546,214	18% above HPI
2005 30 SEP	£431,000	£287,204	50% above HPI

2 CHESTNUT AVENUE 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 two 2 CHESTNUT AVENUE sales from September 2005 and May 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 September 2005 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the May 2023 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is 254m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the largest 10% of detached houses in Great Notley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Notley, and where 2 CHESTNUT AVENUE lies on this distribution: 98% of detached houses are smaller than 2 CHESTNUT AVENUE, and 2% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

2 CHESTNUT AVENUE: Plot and Title Map

2 CHESTNUT AVENUE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 2 CHESTNUT AVENUE, 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 2 CHESTNUT AVENUE). 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 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is located in GREAT NOTLEY, in the CM77 postcode district. The below map shows the position of No. 2 on CHESTNUT AVENUE.