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

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.

28 WATER LANE is a large detached house of 133m², built sometime before 1900, which could now be worth an estimated £421,826. It was last sold for £400,000 in May 2022, which was around 27% 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	£547,644	27% below HPI
2008 30 JUL	£265,000	£326,734	19% below HPI
2007 27 APR	£300,000	£320,601	6% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 28 WATER LANE be worth now?

28 WATER LANE might now be worth an estimated £421,826.

This is based on house price inflation of 5.5%, between May 2022 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 5.5% inflationary increase is applied to the most recent sale price for 28 WATER LANE of £400,000 on 26th May 2022. For the value to have increased from £400,000 to £421,826 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 28 WATER LANE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 28 WATER LANE has not materially changed since May 2022.

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 houses in Bures, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bures, and where 28 WATER LANE lies on this distribution: 66% of detached houses 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.