2, NORFOLK GARDENS, BRAINTREE, CM7 9LE - £450,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 NORFOLK GARDENS is a small extended detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £465,900. It was last sold for £450,000 in March 2022, which was around 18% below the average March 2022 detached price in the Braintree local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

2 NORFOLK GARDENS Sold Prices

Land registry data shows two sales for 2 NORFOLK GARDENS 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 NORFOLK GARDENS 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
2022 28 MAR	£450,000	£545,785	18% below HPI
2021 9 APR	£272,000	£495,836	45% below HPI

2 NORFOLK GARDENS 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 NORFOLK GARDENS sales from April 2021 and March 2022 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 2021 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 NORFOLK GARDENS be worth now?

2 NORFOLK GARDENS might now be worth an estimated £465,900.

This is based on house price inflation of 3.5%, between March 2022 and March 2025, 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 3.5% inflationary increase is applied to the most recent sale price for 2 NORFOLK GARDENS of £450,000 on 28th March 2022. For the value to have increased from £450,000 to £465,900 over the three years to March 2025, the following assumptions must hold true:

• The value of 2 NORFOLK GARDENS has moved in line with the HPI for detached houses in the Braintree local authority area.
• The March 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORFOLK GARDENS has not materially changed since March 2022.

How Large is 2 NORFOLK GARDENS?

2 NORFOLK GARDENS is 103m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% 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 NORFOLK GARDENS lies on this distribution: 40% of detached houses houses are smaller than 2 NORFOLK GARDENS, and 59% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 NORFOLK GARDENS: Plot and Title Map

2 NORFOLK GARDENS sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 2 NORFOLK GARDENS, 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 NORFOLK GARDENS). 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 NORFOLK GARDENS?

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