38, HEREWARD WAY, WETHERSFIELD, BRAINTREE, CM7 4EG - £390,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

38 HEREWARD WAY is a small extended detached house of 80m², built sometime between 1950 and 1966. It was last sold for £390,000 in October 2023, which was around 27% below the average October 2023 detached price in the Braintree local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

38 HEREWARD WAY Sold Prices

Land registry data shows three sales for 38 HEREWARD 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 38 HEREWARD 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
2023 24 OCT	£390,000	£535,207	27% below HPI
2021 17 MAR	£365,000	£471,818	23% below HPI
2013 25 JAN	£205,000	£309,372	34% below HPI

38 HEREWARD 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 38 HEREWARD WAY sales between January 2013 and October 2023 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 March 2021 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 38 HEREWARD WAY?

38 HEREWARD WAY is 80m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of detached houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where 38 HEREWARD WAY lies on this distribution: 33% of detached houses are smaller than 38 HEREWARD WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

38 HEREWARD WAY: Plot and Title Map

38 HEREWARD WAY sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 38 HEREWARD 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 38 HEREWARD 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 38 HEREWARD WAY?

38 HEREWARD WAY is located in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of No. 38 on HEREWARD WAY.