22, SOVEREIGN CLOSE, BRAINTREE, CM7 9DL - £438,000

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

22 SOVEREIGN CLOSE is a large detached house of 120m², built sometime between 1991 and 1995. It was last sold for £438,000 in January 2021, which was around 13% below the average January 2021 detached price in the Braintree local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

22 SOVEREIGN CLOSE Sold Prices

Land registry data shows six sales for 22 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Most of the six 22 SOVEREIGN 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
2021 21 JAN	£438,000	£503,076	13% below HPI
2017 25 JAN	£382,500	£467,983	18% below HPI
2004 30 JAN	£227,000	£267,726	15% below HPI
2002 27 JUN	£186,995	£212,793	12% below HPI
2001 23 APR	£159,000	£171,584	7% below HPI
1997 27 JUN	£118,250	£103,528	14% above HPI

22 SOVEREIGN 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 six 22 SOVEREIGN CLOSE sales between June 1997 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 January 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 22 SOVEREIGN CLOSE be worth now?

22 SOVEREIGN CLOSE might now be worth an estimated £503,628.

This is based on house price inflation of 15%, between January 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% inflationary increase is applied to the most recent sale price for 22 SOVEREIGN CLOSE of £438,000 on 21st January 2021. For the value to have increased from £438,000 to £503,628 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 22 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The January 2021 sale price of £438,000 represented a fair market value for the property.
• The size, condition, and specification of 22 SOVEREIGN CLOSE has not materially changed since January 2021.

How Large is 22 SOVEREIGN CLOSE?

22 SOVEREIGN CLOSE is 120m² according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Braintree, and where 22 SOVEREIGN CLOSE lies on this distribution: 62% of detached houses houses are smaller than 22 SOVEREIGN CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Braintree.

22 SOVEREIGN CLOSE: Plot and Title Map

22 SOVEREIGN CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 22 SOVEREIGN 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 22 SOVEREIGN 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 22 SOVEREIGN CLOSE?

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