31, FOUNDRY WAY, RAYNE, BRAINTREE, CM77 6AE - £380,000

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

31 FOUNDRY WAY is a very small extended detached house of 91m², built sometime from 2012 onwards. It was last sold for £380,000 in October 2022, which was around 31% below the average October 2022 detached price in the Braintree local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

31 FOUNDRY WAY Sold Prices

Land registry data shows three sales for 31 FOUNDRY WAY 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 31 FOUNDRY WAY 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 7 OCT	£380,000	£549,494	31% below HPI
2016 6 SEP	£288,000	£427,959	33% below HPI
2011 11 JUL	£220,000	£305,608	28% below HPI

31 FOUNDRY 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 three 31 FOUNDRY WAY sales between July 2011 and October 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 September 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 31 FOUNDRY WAY?

31 FOUNDRY WAY is 91m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses by size in Rayne, and where 31 FOUNDRY WAY lies on this distribution: 12% of detached houses are smaller than 31 FOUNDRY WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Rayne.

31 FOUNDRY WAY: Plot and Title Map

31 FOUNDRY WAY sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 31 FOUNDRY 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 31 FOUNDRY 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 31 FOUNDRY WAY?

31 FOUNDRY WAY is located in RAYNE, in the CM77 postcode district. The below map shows the position of No. 31 on FOUNDRY WAY.