3, THE LEY, BRAINTREE, CM7 3NS - £340,000

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.

3 THE LEY is a small extended semi-detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £343,682. It was last sold for £340,000 in August 2022, which was around 2% above the average August 2022 semi-detached price in the Braintree local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

3 THE LEY Sold Prices

Land registry data shows four sales for 3 THE LEY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. All of the four 3 THE LEY sales 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
2022 23 AUG	£340,000	£332,886	2% above HPI
2004 9 JAN	£161,995	£154,906	5% above HPI
2001 31 OCT	£114,000	£102,060	12% above HPI
1997 22 MAY	£66,000	£58,334	13% above HPI

3 THE LEY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The four 3 THE LEY sales between May 1997 and August 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 January 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2022 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 3 THE LEY be worth now?

3 THE LEY might now be worth an estimated £343,682.

This is based on house price inflation of 1.1%, between August 2022 and February 2025, for semi-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 1.1% inflationary increase is applied to the most recent sale price for 3 THE LEY of £340,000 on 23rd August 2022. For the value to have increased from £340,000 to £343,682 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 3 THE LEY has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The August 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE LEY has not materially changed since August 2022.

How Large is 3 THE LEY?

3 THE LEY is 100m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% of semi-detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Braintree, and where 3 THE LEY lies on this distribution: 37% of semi-detached houses houses are smaller than 3 THE LEY, and 62% of houses are larger. Note that EPC data is not available for all properties in Braintree.

3 THE LEY: Plot and Title Map

3 THE LEY sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 3 THE LEY, 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 THE LEY). 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 THE LEY?

3 THE LEY is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 3 on THE LEY.