4, SOVEREIGN CLOSE, BRAINTREE, CM7 9DL - £220,000

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

4 SOVEREIGN CLOSE is a very small semi-detached house of 54m², built sometime between 1996 and 2002, which could now be worth an estimated £300,121. It was last sold for £220,000 in March 2016, which was around 11% below the average March 2016 semi-detached price in the Braintree local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

4 SOVEREIGN CLOSE Sold Prices

Land registry data shows three sales for 4 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. Two of the three 4 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
2016 31 MAR	£220,000	£247,681	11% below HPI
2003 27 AUG	£127,500	£150,938	16% below HPI
1997 12 DEC	£71,950	£63,387	14% above HPI

4 SOVEREIGN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The three 4 SOVEREIGN CLOSE sales between December 1997 and March 2016 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 August 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2016 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 4 SOVEREIGN CLOSE be worth now?

4 SOVEREIGN CLOSE might now be worth an estimated £300,121.

This is based on house price inflation of 36.4%, between March 2016 and December 2024, for semi-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 36.4% inflationary increase is applied to the most recent sale price for 4 SOVEREIGN CLOSE of £220,000 on 31st March 2016. For the value to have increased from £220,000 to £300,121 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 4 SOVEREIGN CLOSE has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The March 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SOVEREIGN CLOSE has not materially changed since March 2016.

How Large is 4 SOVEREIGN CLOSE?

4 SOVEREIGN CLOSE is 54m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of semi-detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Braintree, and where 4 SOVEREIGN CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 4 SOVEREIGN CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Braintree.

4 SOVEREIGN CLOSE: Plot and Title Map

4 SOVEREIGN CLOSE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 4 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 4 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 4 SOVEREIGN CLOSE?

4 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 4 on SOVEREIGN CLOSE.