2, GRAYNES CLOSE, BRAINTREE, CM7 2AX - £375,000

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

2 GRAYNES CLOSE is a very small detached house of 73m², built sometime from 2007 onwards, which could now be worth an estimated £400,051. It was last sold for £375,000 in July 2024, which was around 31% below the average July 2024 detached price in the Braintree local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

2 GRAYNES CLOSE Sold Prices

Land registry data shows two sales for 2 GRAYNES CLOSE 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 GRAYNES 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
2024 15 JUL	£375,000	£542,232	31% below HPI
2015 2 APR	£275,000	£388,900	29% below HPI

2 GRAYNES 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 two 2 GRAYNES CLOSE sales from April 2015 and July 2024 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 April 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2024 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 GRAYNES CLOSE be worth now?

2 GRAYNES CLOSE might now be worth an estimated £400,051.

This is based on house price inflation of 6.7%, between July 2024 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 6.7% inflationary increase is applied to the most recent sale price for 2 GRAYNES CLOSE of £375,000 on 15th July 2024. For the value to have increased from £375,000 to £400,051 over the seven months to December 2024, the following assumptions must hold true:

• The value of 2 GRAYNES CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The July 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRAYNES CLOSE has not materially changed since July 2024.

How Large is 2 GRAYNES CLOSE?

2 GRAYNES CLOSE is 73m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Braintree, and where 2 GRAYNES CLOSE lies on this distribution: 9% of detached houses houses are smaller than 2 GRAYNES CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 GRAYNES CLOSE: Plot and Title Map

2 GRAYNES CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 2 GRAYNES 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 2 GRAYNES 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 2 GRAYNES CLOSE?

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