CHERRYTREES, WETHERSFIELD ROAD, FINCHINGFIELD, BRAINTREE, CM7 4NS - £475,000

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

CHERRYTREES is a large extended detached house of 185m², built sometime between 1950 and 1966. It was last sold for £475,000 in April 2012, which was around 61% above the average April 2012 detached price in the Braintree local authority area. The most recent EPC inspection was March 2015, where the current energy rating was F, and the potential energy rating was B.

CHERRYTREES Sold Prices

Land registry data shows two sales for CHERRYTREES 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 CHERRYTREES 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
2012 13 APR	£475,000	£295,620	61% above HPI
2007 9 MAR	£360,000	£307,069	17% above HPI

CHERRYTREES 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 CHERRYTREES sales from March 2007 and April 2012 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 2007 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the April 2012 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is CHERRYTREES?

CHERRYTREES is 185m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the largest 30% of detached houses in Finchingfield, based on EPC data. The below chart shows the distribution of detached houses by size in Finchingfield, and where CHERRYTREES lies on this distribution: 72% of detached houses are smaller than CHERRYTREES, and 26% of houses are larger. Note that EPC data is not available for all properties in Finchingfield.

CHERRYTREES: Plot and Title Map

CHERRYTREES sits on a plot of roughly 0.351 of an acre, or 1,419m². The below map shows the location of CHERRYTREES, 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 CHERRYTREES). 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 CHERRYTREES?

CHERRYTREES is located on WETHERSFIELD ROAD in FINCHINGFIELD, in the CM7 postcode district. The below map shows the position of CHERRYTREES on WETHERSFIELD ROAD.