5, RAYLEIGH CLOSE, BRAINTREE, CM7 9TX - £332,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 RAYLEIGH CLOSE is a midsized extended detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £382,436. It was last sold for £332,000 in June 2021, which was around 34% below the average June 2021 detached price in the Braintree local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

5 RAYLEIGH CLOSE Sold Prices

Land registry data shows six sales for 5 RAYLEIGH CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the six 5 RAYLEIGH CLOSE 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
2021 22 JUN	£332,000	£501,361	34% below HPI
2010 19 MAY	£199,000	£313,381	36% below HPI
2007 27 APR	£212,000	£320,601	34% below HPI
2006 1 SEP	£182,000	£310,232	41% below HPI
2004 12 NOV	£197,000	£295,171	33% below HPI
2003 17 APR	£172,000	£260,821	34% below HPI

5 RAYLEIGH 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 six 5 RAYLEIGH CLOSE sales between April 2003 and June 2021 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 May 2010 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 RAYLEIGH CLOSE be worth now?

5 RAYLEIGH CLOSE might now be worth an estimated £382,436.

This is based on house price inflation of 15.2%, between June 2021 and February 2025, for 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 15.2% inflationary increase is applied to the most recent sale price for 5 RAYLEIGH CLOSE of £332,000 on 22nd June 2021. For the value to have increased from £332,000 to £382,436 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 5 RAYLEIGH CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The June 2021 sale price of £332,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RAYLEIGH CLOSE has not materially changed since June 2021.

How Large is 5 RAYLEIGH CLOSE?

5 RAYLEIGH CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% of detached houses houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Braintree, and where 5 RAYLEIGH CLOSE lies on this distribution: 46% of detached houses houses are smaller than 5 RAYLEIGH CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Braintree.

5 RAYLEIGH CLOSE: Plot and Title Map

5 RAYLEIGH CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 5 RAYLEIGH 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 RAYLEIGH 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 RAYLEIGH CLOSE?

5 RAYLEIGH CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 5 on RAYLEIGH CLOSE.