28, WATER LANE, BURES, CO8 5DE - £400,000

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

28 WATER LANE is a large detached house of 133m², built sometime before 1900. It was last sold for £400,000 in May 2022, which was around 24% below the average May 2022 detached price in the Braintree local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

28 WATER LANE Sold Prices

Land registry data shows three sales for 28 WATER LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 28 WATER 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
2022 26 MAY	£400,000	£523,592	24% below HPI
2008 30 JUL	£265,000	£312,384	15% below HPI
2007 27 APR	£300,000	£306,521	2% below HPI

28 WATER 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 three 28 WATER LANE sales between April 2007 and May 2022 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 July 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 28 WATER LANE?

28 WATER LANE is 133m² according to the EPC inspection conducted in September 2021. This puts it in the largest 40% of detached houses in Bures, based on EPC data. The below chart shows the distribution of detached houses by size in Bures, and where 28 WATER LANE lies on this distribution: 66% of detached houses are smaller than 28 WATER LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Bures.

28 WATER LANE: Plot and Title Map

28 WATER LANE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 28 WATER 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 28 WATER 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 28 WATER LANE?

28 WATER LANE is located in BURES, in the CO8 postcode district. The below map shows the position of No. 28 on WATER LANE.