38, RANA DRIVE, BRAINTREE, CM7 2TD - £356,000

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

38 RANA DRIVE is a large extended detached house of 129m², built sometime between 1983 and 1990. It was last sold for £356,000 in February 2022, which was around 31% below the average February 2022 detached price in the Braintree local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

38 RANA DRIVE Sold Prices

Land registry data shows two sales for 38 RANA DRIVE 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 38 RANA DRIVE 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 28 FEB	£356,000	£516,817	31% below HPI
2019 24 JAN	£300,000	£484,718	38% below HPI

38 RANA DRIVE 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 38 RANA DRIVE sales from January 2019 and February 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 January 2019 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 38 RANA DRIVE?

38 RANA DRIVE is 129m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 30% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 38 RANA DRIVE lies on this distribution: 71% of detached houses are smaller than 38 RANA DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Braintree.

38 RANA DRIVE: Plot and Title Map

38 RANA DRIVE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 38 RANA DRIVE, 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 RANA DRIVE). 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 RANA DRIVE?

38 RANA DRIVE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 38 on RANA DRIVE.