5, PHILIPS CLOSE, RAYNE, BRAINTREE, CM77 6DB - £545,000

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 PHILIPS CLOSE is a large detached house of 140m², built sometime between 1983 and 1990. It was last sold for £545,000 in March 2022, which was around 4% above the average March 2022 detached price in the Braintree local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was C.

5 PHILIPS CLOSE Sold Prices

Land registry data shows two sales for 5 PHILIPS CLOSE 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 PHILIPS CLOSE sales were 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
2022 15 MAR	£545,000	£521,816	4% above HPI
1996 28 JUN	£111,400	£92,345	21% above HPI

5 PHILIPS 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 two 5 PHILIPS CLOSE sales from June 1996 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 June 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2022 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 5 PHILIPS CLOSE?

5 PHILIPS CLOSE is 140m² according to the EPC inspection conducted in March 2016. This puts it in the largest 40% of detached houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses by size in Rayne, and where 5 PHILIPS CLOSE lies on this distribution: 61% of detached houses are smaller than 5 PHILIPS CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Rayne.

5 PHILIPS CLOSE: Plot and Title Map

5 PHILIPS CLOSE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 5 PHILIPS 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 5 PHILIPS 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 5 PHILIPS CLOSE?

5 PHILIPS CLOSE is located in RAYNE, in the CM77 postcode district. The below map shows the position of No. 5 on PHILIPS CLOSE.