22, ORION WAY, BRAINTREE, CM7 9UR - £345,000

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

22 ORION WAY is a small extended detached house of 86m², built sometime between 1967 and 1975. It was last sold for £345,000 in June 2024, which was around 37% below the average June 2024 detached price in the Braintree local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

22 ORION WAY Sold Prices

Land registry data shows five sales for 22 ORION WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the five 22 ORION 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
2024 3 JUN	£345,000	£545,757	37% below HPI
2022 8 DEC	£380,000	£549,288	31% below HPI
2011 27 SEP	£172,000	£311,989	45% below HPI
2005 23 MAY	£178,000	£274,006	35% below HPI
1999 8 JUL	£73,000	£124,072	41% below HPI

22 ORION 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 five 22 ORION WAY sales between July 1999 and June 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 2022 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2024 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 22 ORION WAY?

22 ORION WAY is 86m², which includes three extensions, according to the EPC inspection conducted in October 2022. This puts it in the smallest 30% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 22 ORION WAY lies on this distribution: 21% of detached houses are smaller than 22 ORION WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Braintree.

22 ORION WAY: Plot and Title Map

22 ORION WAY sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 22 ORION 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 ORION 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 ORION WAY?

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