238, CRESSING ROAD, BRAINTREE, CM7 3PQ - £161,000

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

238 CRESSING ROAD is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £161,000 in June 2012, which was around 48% below the average June 2012 detached price in the Braintree local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

238 CRESSING ROAD Sold Prices

Land registry data shows two sales for 238 CRESSING ROAD 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 238 CRESSING ROAD 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
2012 12 JUN	£161,000	£309,442	48% below HPI
1998 8 MAY	£69,000	£110,714	38% below HPI

238 CRESSING ROAD 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 238 CRESSING ROAD sales from May 1998 and June 2012 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 May 1998 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2012 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 238 CRESSING ROAD?

238 CRESSING ROAD is 60m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 238 CRESSING ROAD lies on this distribution: 2% of detached houses are smaller than 238 CRESSING ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Braintree.

238 CRESSING ROAD: Plot and Title Map

238 CRESSING ROAD sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 238 CRESSING ROAD, 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 238 CRESSING ROAD). 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 238 CRESSING ROAD?

238 CRESSING ROAD is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 238 on CRESSING ROAD.