2, PARR CLOSE, BRAINTREE, CM7 9PT - £290,000

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 PARR CLOSE is a very small semi-detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £325,801. It was last sold for £290,000 in June 2021, which was around 2% below the average June 2021 semi-detached price in the Braintree local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

2 PARR CLOSE Sold Prices

Land registry data shows four sales for 2 PARR CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. The four 2 PARR CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2021 2 JUN	£290,000	£296,693	2% below HPI
2010 4 JUN	£187,000	£187,593	Close to HPI
2007 29 JUN	£198,000	£197,326	Close to HPI
1998 31 DEC	£86,500	£67,464	28% above HPI

2 PARR CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The four 2 PARR CLOSE sales between December 1998 and June 2021 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 June 2010 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 PARR CLOSE be worth now?

2 PARR CLOSE might now be worth an estimated £325,801.

This is based on house price inflation of 12.3%, between June 2021 and June 2025, for semi-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 12.3% inflationary increase is applied to the most recent sale price for 2 PARR CLOSE of £290,000 on 2nd June 2021. For the value to have increased from £290,000 to £325,801 over the four years to June 2025, the following assumptions must hold true:

• The value of 2 PARR CLOSE has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The June 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARR CLOSE has not materially changed since June 2021.

How Large is 2 PARR CLOSE?

2 PARR CLOSE is 72m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of semi-detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Braintree, and where 2 PARR CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 2 PARR CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 PARR CLOSE: Plot and Title Map

2 PARR CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 2 PARR 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 PARR 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 PARR CLOSE?

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