3, SPRING WAY, SIBLE HEDINGHAM, HALSTEAD, CO9 3SB - £415,000

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

3 SPRING WAY is a large extended detached house of 131m², built sometime between 1983 and 1990. It was last sold for £415,000 in December 2020, which was around 15% below the average December 2020 detached price in the Braintree local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

3 SPRING WAY Sold Prices

Land registry data shows four sales for 3 SPRING WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. two of the four 3 SPRING WAY sales were for below the average price, and four were for above 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
2020 10 DEC	£415,000	£489,176	15% below HPI
2014 3 SEP	£300,000	£362,599	17% below HPI
2000 28 JAN	£139,500	£135,080	3% above HPI
1997 27 JUN	£102,000	£98,981	3% above HPI

3 SPRING WAY 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 four 3 SPRING WAY sales between June 1997 and December 2020 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 September 2014 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 3 SPRING WAY?

3 SPRING WAY is 131m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Sible Hedingham, based on EPC data. The below chart shows the distribution of detached houses by size in Sible Hedingham, and where 3 SPRING WAY lies on this distribution: 67% of detached houses are smaller than 3 SPRING WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Sible Hedingham.

3 SPRING WAY: Plot and Title Map

3 SPRING WAY sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 3 SPRING WAY, 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 3 SPRING WAY). 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 3 SPRING WAY?

3 SPRING WAY is located in SIBLE HEDINGHAM, in the CO9 postcode district. The below map shows the position of No. 3 on SPRING WAY.