2, GUINEA CLOSE, BRAINTREE, CM7 9DP - £290,000

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 GUINEA CLOSE is a very small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £290,000 in November 2020, which was around 40% below the average November 2020 detached price in the Braintree local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

2 GUINEA CLOSE Sold Prices

Land registry data shows five sales for 2 GUINEA CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the five 2 GUINEA 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
2020 27 NOV	£290,000	£486,555	40% below HPI
2010 3 SEP	£208,000	£310,778	33% below HPI
2004 28 MAY	£140,000	£265,912	47% below HPI
2001 7 DEC	£120,250	£183,763	35% below HPI
1995 18 DEC	£81,400	£93,097	13% below HPI

2 GUINEA 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 five 2 GUINEA CLOSE sales between December 1995 and November 2020 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 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 GUINEA CLOSE?

2 GUINEA CLOSE is 75m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 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 2 GUINEA CLOSE lies on this distribution: 10% of detached houses are smaller than 2 GUINEA CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 GUINEA CLOSE: Plot and Title Map

2 GUINEA CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 2 GUINEA 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 GUINEA 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 GUINEA CLOSE?

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