37, SOVEREIGN CLOSE, BRAINTREE, CM7 9DJ - £265,000

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

37 SOVEREIGN CLOSE is a large detached house of 123m², built sometime between 1996 and 2002. It was last sold for £265,000 in May 2004, which was about the average May 2004 detached price in the Braintree local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

37 SOVEREIGN CLOSE Sold Prices

Land registry data shows three sales for 37 SOVEREIGN CLOSE 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. The three 37 SOVEREIGN CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2004 21 MAY	£265,000	£265,912	Close to HPI
2003 6 MAY	£154,586	£247,623	38% below HPI
1997 17 OCT	£250,000	£103,724	141% above HPI

37 SOVEREIGN CLOSE 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 37 SOVEREIGN CLOSE sales between October 1997 and May 2004 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 May 2003 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2004 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 37 SOVEREIGN CLOSE?

37 SOVEREIGN CLOSE is 123m² according to the EPC inspection conducted in September 2011. This puts it in the largest 40% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 37 SOVEREIGN CLOSE lies on this distribution: 66% of detached houses are smaller than 37 SOVEREIGN CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Braintree.

37 SOVEREIGN CLOSE: Plot and Title Map

37 SOVEREIGN CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 37 SOVEREIGN CLOSE, 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 37 SOVEREIGN CLOSE). 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 37 SOVEREIGN CLOSE?

37 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 37 on SOVEREIGN CLOSE.