8, CHESTNUT AVENUE, GREAT NOTLEY, BRAINTREE, CM77 7YJ - £450,000

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

8 CHESTNUT AVENUE is a midsized extended detached house of 128m², built sometime between 1996 and 2002. It was last sold for £450,000 in May 2021, which was around 6% below the average May 2021 detached price in the Braintree local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

8 CHESTNUT AVENUE Sold Prices

Land registry data shows four sales for 8 CHESTNUT AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. two of the four 8 CHESTNUT AVENUE sales were for below the average price, and four 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
2021 5 MAY	£450,000	£477,527	6% below HPI
2009 5 MAR	£170,000	£270,039	37% below HPI
2004 7 SEP	£299,000	£284,035	5% above HPI
2002 24 MAY	£230,300	£200,737	15% above HPI

8 CHESTNUT AVENUE 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 four 8 CHESTNUT AVENUE sales between May 2002 and May 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 March 2009 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 8 CHESTNUT AVENUE?

8 CHESTNUT AVENUE is 128m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 50% of detached houses in Great Notley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Notley, and where 8 CHESTNUT AVENUE lies on this distribution: 49% of detached houses are smaller than 8 CHESTNUT AVENUE, and 50% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

8 CHESTNUT AVENUE: Plot and Title Map

8 CHESTNUT AVENUE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 8 CHESTNUT AVENUE, 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 8 CHESTNUT AVENUE). 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 8 CHESTNUT AVENUE?

8 CHESTNUT AVENUE is located in GREAT NOTLEY, in the CM77 postcode district. The below map shows the position of No. 8 on CHESTNUT AVENUE.