248, PANFIELD LANE, BRAINTREE, CM7 5RH - £293,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

248 PANFIELD LANE is a large detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £535,226. It was last sold for £293,500 in February 2013, which was around 7% below the average February 2013 detached price in the Braintree local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

248 PANFIELD LANE Sold Prices

Land registry data shows two sales for 248 PANFIELD LANE 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 248 PANFIELD LANE 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
2013 25 FEB	£293,500	£316,696	7% below HPI
1998 13 NOV	£107,500	£119,897	10% below HPI

248 PANFIELD LANE 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 248 PANFIELD LANE sales from November 1998 and February 2013 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 November 1998 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2013 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 248 PANFIELD LANE be worth now?

248 PANFIELD LANE might now be worth an estimated £535,226.

This is based on house price inflation of 82.4%, between February 2013 and February 2025, 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 82.4% inflationary increase is applied to the most recent sale price for 248 PANFIELD LANE of £293,500 on 25th February 2013. For the value to have increased from £293,500 to £535,226 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 248 PANFIELD LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The February 2013 sale price of £293,500 represented a fair market value for the property.
• The size, condition, and specification of 248 PANFIELD LANE has not materially changed since February 2013.

How Large is 248 PANFIELD LANE?

248 PANFIELD LANE is 120m² according to the EPC inspection conducted in November 2012. 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 248 PANFIELD LANE lies on this distribution: 62% of detached houses houses are smaller than 248 PANFIELD LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Braintree.

248 PANFIELD LANE: Plot and Title Map

248 PANFIELD LANE sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of 248 PANFIELD LANE, 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 248 PANFIELD LANE). 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 248 PANFIELD LANE?

248 PANFIELD LANE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 248 on PANFIELD LANE.