2, RAYLEIGH CLOSE, BRAINTREE, CM7 9TX - £310,000

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 RAYLEIGH CLOSE is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £310,000 in January 2024, which was around 42% below the average January 2024 detached price in the Braintree local authority area. The most recent EPC inspection was November 2023, where the current energy rating was E, and the potential energy rating was C.

2 RAYLEIGH CLOSE Sold Prices

Land registry data shows four sales for 2 RAYLEIGH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four 2 RAYLEIGH 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 26 JAN	£310,000	£532,679	42% below HPI
2005 15 DEC	£203,000	£279,361	27% below HPI
2004 24 JUN	£220,000	£266,785	18% below HPI
2003 5 DEC	£174,500	£254,923	32% below HPI

2 RAYLEIGH 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 four 2 RAYLEIGH CLOSE sales between December 2003 and January 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 December 2005 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2024 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 2 RAYLEIGH CLOSE?

2 RAYLEIGH CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 40% 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 RAYLEIGH CLOSE lies on this distribution: 36% of detached houses are smaller than 2 RAYLEIGH CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 RAYLEIGH CLOSE: Plot and Title Map

2 RAYLEIGH CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 2 RAYLEIGH 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 RAYLEIGH 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 RAYLEIGH CLOSE?

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