2, THE LAURELS, QUEENBOROUGH LANE, BRAINTREE, CM77 7QD - £805,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE LAURELS is a very large detached house of 179m², built sometime between 1983 and 1990, which could now be worth an estimated £928,784. It was last sold for £805,000 in June 2021, which was around 61% above the average June 2021 detached price in the Braintree local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was C.

2 THE LAURELS Sold Prices

Land registry data shows four sales for 2 THE LAURELS 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 THE LAURELS 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
2021 7 JUN	£805,000	£501,361	61% above HPI
2003 28 AUG	£395,000	£263,574	50% above HPI
2001 16 MAR	£310,000	£167,754	85% above HPI
1995 4 AUG	£172,000	£98,433	75% above HPI

2 THE LAURELS 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 THE LAURELS sales between August 1995 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 August 2003 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the June 2021 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 2 THE LAURELS be worth now?

2 THE LAURELS might now be worth an estimated £928,784.

This is based on house price inflation of 15.4%, between June 2021 and December 2024, 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 15.4% inflationary increase is applied to the most recent sale price for 2 THE LAURELS of £805,000 on 7th June 2021. For the value to have increased from £805,000 to £928,784 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 2 THE LAURELS has moved in line with the HPI for detached houses in the Braintree local authority area.
• The June 2021 sale price of £805,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LAURELS has not materially changed since June 2021.

How Large is 2 THE LAURELS?

2 THE LAURELS is 179m² according to the EPC inspection conducted in April 2021. This puts it in the largest 20% of detached houses houses in Great Notley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Notley, and where 2 THE LAURELS lies on this distribution: 84% of detached houses houses are smaller than 2 THE LAURELS, and 16% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

2 THE LAURELS: Plot and Title Map

2 THE LAURELS sits on a plot of roughly 0.315 of an acre, or 1,274m². The below map shows the location of 2 THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

2 THE LAURELS is located on QUEENBOROUGH LANE in BRAINTREE, in the CM77 postcode district. The below map shows the position of 2 THE LAURELS on QUEENBOROUGH LANE.