22, HEREWARD WAY, WETHERSFIELD, BRAINTREE, CM7 4EG - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

22 HEREWARD WAY is a small detached house of 79m², built sometime between 1950 and 1966. It was last sold for £245,000 in September 2019, which was around 47% below the average September 2019 detached price in the Braintree local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was B.

22 HEREWARD WAY Sold Prices

Land registry data shows two sales for 22 HEREWARD WAY 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 22 HEREWARD WAY 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
2019 12 SEP	£245,000	£465,675	47% below HPI
2002 11 OCT	£135,000	£224,823	40% below HPI

22 HEREWARD WAY 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 22 HEREWARD WAY sales from October 2002 and September 2019 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 October 2002 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2019 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 22 HEREWARD WAY?

22 HEREWARD WAY is 79m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% of detached houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where 22 HEREWARD WAY lies on this distribution: 29% of detached houses are smaller than 22 HEREWARD WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

22 HEREWARD WAY: Plot and Title Map

22 HEREWARD WAY sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 22 HEREWARD WAY, 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 22 HEREWARD WAY). 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 22 HEREWARD WAY?

22 HEREWARD WAY is located in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of No. 22 on HEREWARD WAY.