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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

37 SOVEREIGN CLOSE is a large detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £550,268. It was last sold for £265,000 in May 2004, which was around 5% below 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. Two of the three 37 SOVEREIGN CLOSE sales were for below the average price, whilst one was 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
2004 21 MAY	£265,000	£278,127	5% below HPI
2003 6 MAY	£154,586	£258,997	40% below HPI
1997 17 OCT	£250,000	£108,489	130% 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 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2004 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 37 SOVEREIGN CLOSE be worth now?

37 SOVEREIGN CLOSE might now be worth an estimated £550,268.

This is based on house price inflation of 107.6%, between May 2004 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 107.6% inflationary increase is applied to the most recent sale price for 37 SOVEREIGN CLOSE of £265,000 on 21st May 2004. For the value to have increased from £265,000 to £550,268 over the 21 years and three months to February 2025, the following assumptions must hold true:

• The value of 37 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2004 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 37 SOVEREIGN CLOSE has not materially changed since May 2004.

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 houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Braintree, and where 37 SOVEREIGN CLOSE lies on this distribution: 66% of detached houses 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.