5, HEREWARD WAY, WETHERSFIELD, BRAINTREE, CM7 4EG - £315,000

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

5 HEREWARD WAY is a very small extended detached house of 71m², built sometime between 1967 and 1975. It was last sold for £315,000 in March 2022, which was around 40% below the average March 2022 detached price in the Braintree local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

5 HEREWARD WAY Sold Prices

Land registry data shows two sales for 5 HEREWARD WAY 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 5 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
2022 24 MAR	£315,000	£521,816	40% below HPI
2003 24 SEP	£182,000	£258,553	30% below HPI

5 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 two 5 HEREWARD WAY sales from September 2003 and March 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 September 2003 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2022 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 5 HEREWARD WAY?

5 HEREWARD WAY is 71m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the smallest 20% of detached houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where 5 HEREWARD WAY lies on this distribution: 19% of detached houses are smaller than 5 HEREWARD WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

5 HEREWARD WAY: Plot and Title Map

5 HEREWARD WAY sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 5 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 5 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 5 HEREWARD WAY?

5 HEREWARD WAY is located in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of No. 5 on HEREWARD WAY.