2, SMITHS FIELD, RAYNE, BRAINTREE, CM77 6BX - £365,000

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 SMITHS FIELD is a midsized extended detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £419,016. It was last sold for £365,000 in January 2021, which was around 27% below the average January 2021 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 C.

2 SMITHS FIELD Sold Prices

Land registry data shows two sales for 2 SMITHS FIELD 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 SMITHS FIELD 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
2021 27 JAN	£365,000	£503,076	27% below HPI
1996 23 JUL	£88,500	£98,526	10% below HPI

2 SMITHS FIELD 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 SMITHS FIELD sales from July 1996 and January 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 July 1996 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 SMITHS FIELD be worth now?

2 SMITHS FIELD might now be worth an estimated £419,016.

This is based on house price inflation of 14.8%, between January 2021 and February 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 14.8% inflationary increase is applied to the most recent sale price for 2 SMITHS FIELD of £365,000 on 27th January 2021. For the value to have increased from £365,000 to £419,016 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 SMITHS FIELD has moved in line with the HPI for detached houses in the Braintree local authority area.
• The January 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SMITHS FIELD has not materially changed since January 2021.

How Large is 2 SMITHS FIELD?

2 SMITHS FIELD is 120m², which includes three extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 50% of detached houses houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rayne, and where 2 SMITHS FIELD lies on this distribution: 45% of detached houses houses are smaller than 2 SMITHS FIELD, and 54% of houses are larger. Note that EPC data is not available for all properties in Rayne.

2 SMITHS FIELD: Plot and Title Map

2 SMITHS FIELD sits on a plot of roughly 0.147 of an acre, or 593m². The below map shows the location of 2 SMITHS FIELD, 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 SMITHS FIELD). 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 SMITHS FIELD?

2 SMITHS FIELD is located in RAYNE, in the CM77 postcode district. The below map shows the position of No. 2 on SMITHS FIELD.