2, JAY CLOSE, BRAINTREE, CM77 7GJ - £620,000

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 JAY CLOSE is a very large extended detached house of 184m², built sometime between 1996 and 2002. It was last sold for £620,000 in August 2023, which was around 15% above the average August 2023 detached price in the Braintree local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was C.

2 JAY CLOSE Sold Prices

Land registry data shows two sales for 2 JAY 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 JAY CLOSE 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 29 AUG	£620,000	£536,862	15% above HPI
1999 14 DEC	£169,950	£131,915	29% above HPI

2 JAY 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 JAY CLOSE sales from December 1999 and August 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 December 1999 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2023 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 2 JAY CLOSE?

2 JAY CLOSE is 184m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 20% 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 JAY CLOSE lies on this distribution: 87% of detached houses are smaller than 2 JAY CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

2 JAY CLOSE: Plot and Title Map

2 JAY CLOSE sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 2 JAY 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 JAY 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 JAY CLOSE?

2 JAY CLOSE is located in BRAINTREE, in the CM77 postcode district. The below map shows the position of No. 2 on JAY CLOSE.