BRAIDS, BACK LANE, EAST HANNINGFIELD, CHELMSFORD, CM3 8BL - £1,075,000

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

BRAIDS is a small detached house of 128m², built sometime between 1950 and 1966. It was last sold for £1,075,000 in June 2021, which was around 81% above the average June 2021 detached price in the Chelmsford local authority area. The most recent EPC inspection was December 2017, where the current energy rating was G, and the potential energy rating was D.

BRAIDS Sold Prices

Land registry data shows two sales for BRAIDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chelmsford local authority area for the corresponding sale date. One of the two BRAIDS sales was for above the average price, whilst the other was 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 25 JUN	£1,075,000	£592,899	81% above HPI
2018 1 AUG	£437,500	£575,967	24% below HPI

BRAIDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two BRAIDS sales from August 2018 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 August 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2021 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is BRAIDS?

BRAIDS is 128m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 30% of detached houses in East Hanningfield, based on EPC data. The below chart shows the distribution of detached houses by size in East Hanningfield, and where BRAIDS lies on this distribution: 30% of detached houses are smaller than BRAIDS, and 66% of houses are larger. Note that EPC data is not available for all properties in East Hanningfield.

BRAIDS: Plot and Title Map

BRAIDS sits on a plot of roughly 0.421 of an acre, or 1,705m². The below map shows the location of BRAIDS, 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 BRAIDS). 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 BRAIDS?

BRAIDS is located on BACK LANE in EAST HANNINGFIELD, in the CM3 postcode district. The below map shows the position of BRAIDS on BACK LANE.