2, CHESTNUT GROVE, BRAINTREE, CM7 2LU - £249,000

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 GROVE is a large extended detached house of 137m², built sometime between 1950 and 1966. It was last sold for £249,000 in May 2013, which was around 18% below the average May 2013 detached price in the Braintree local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

2 CHESTNUT GROVE Sold Prices

Land registry data shows two sales for 2 CHESTNUT GROVE 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. One of the two 2 CHESTNUT GROVE sales was for below the average price, whilst the other was roughly equal to 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
2013 30 MAY	£249,000	£303,201	18% below HPI
1995 4 OCT	£93,000	£92,992	Close to HPI

2 CHESTNUT GROVE 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 GROVE sales from October 1995 and May 2013 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 October 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2013 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 CHESTNUT GROVE?

2 CHESTNUT GROVE is 137m², which includes two extensions, according to the EPC inspection conducted in September 2012. This puts it in the largest 30% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 2 CHESTNUT GROVE lies on this distribution: 78% of detached houses are smaller than 2 CHESTNUT GROVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 CHESTNUT GROVE: Plot and Title Map

2 CHESTNUT GROVE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 2 CHESTNUT GROVE, 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 GROVE). 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 GROVE?

2 CHESTNUT GROVE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 2 on CHESTNUT GROVE.