3, THE WOOST, SCHOOL ROAD, RAYNE, BRAINTREE, CM77 6ST - £385,000

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 WOOST is a small detached house of 105m², built sometime between 2003 and 2006, which could now be worth an estimated £450,924. It was last sold for £385,000 in July 2020, which was around 22% below the average July 2020 detached price in the Braintree local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

3 THE WOOST Sold Prices

Land registry data shows two sales for 3 THE WOOST 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 3 THE WOOST 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
2020 21 JUL	£385,000	£493,093	22% below HPI
2003 30 APR	£250,000	£260,821	4% below HPI

3 THE WOOST 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 3 THE WOOST sales from April 2003 and July 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 April 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 3 THE WOOST be worth now?

3 THE WOOST might now be worth an estimated £450,924.

This is based on house price inflation of 17.1%, between July 2020 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 17.1% inflationary increase is applied to the most recent sale price for 3 THE WOOST of £385,000 on 21st July 2020. For the value to have increased from £385,000 to £450,924 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 3 THE WOOST has moved in line with the HPI for detached houses in the Braintree local authority area.
• The July 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE WOOST has not materially changed since July 2020.

How Large is 3 THE WOOST?

3 THE WOOST is 105m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rayne, and where 3 THE WOOST lies on this distribution: 24% of detached houses houses are smaller than 3 THE WOOST, and 73% of houses are larger. Note that EPC data is not available for all properties in Rayne.

3 THE WOOST: Plot and Title Map

3 THE WOOST sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of 3 THE WOOST, 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 WOOST). 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 WOOST?

3 THE WOOST is located on SCHOOL ROAD in RAYNE, in the CM77 postcode district. The below map shows the position of 3 THE WOOST on SCHOOL ROAD.