GAINSBOROUGH HOUSE, STATION HILL, BURES, CO8 5DD - £306,000

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.

GAINSBOROUGH HOUSE is a very small detached house of 84m², which could now be worth an estimated £353,183. It was last sold for £306,000 in February 2021, which was around 39% below the average February 2021 detached price in the Braintree local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was D.

GAINSBOROUGH HOUSE Sold Prices

Land registry data shows two sales for GAINSBOROUGH HOUSE 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 GAINSBOROUGH HOUSE 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 24 FEB	£306,000	£500,372	39% below HPI
2020 31 JAN	£170,000	£481,766	65% below HPI

GAINSBOROUGH HOUSE 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 GAINSBOROUGH HOUSE sales from January 2020 and February 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 January 2020 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the February 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might GAINSBOROUGH HOUSE be worth now?

GAINSBOROUGH HOUSE might now be worth an estimated £353,183.

This is based on house price inflation of 15.4%, between February 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 15.4% inflationary increase is applied to the most recent sale price for GAINSBOROUGH HOUSE of £306,000 on 24th February 2021. For the value to have increased from £306,000 to £353,183 over the four years to February 2025, the following assumptions must hold true:

• The value of GAINSBOROUGH HOUSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The February 2021 sale price of £306,000 represented a fair market value for the property.
• The size, condition, and specification of GAINSBOROUGH HOUSE has not materially changed since February 2021.

How Large is GAINSBOROUGH HOUSE?

GAINSBOROUGH HOUSE is 84m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses houses in Bures, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bures, and where GAINSBOROUGH HOUSE lies on this distribution: 13% of detached houses houses are smaller than GAINSBOROUGH HOUSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bures.

GAINSBOROUGH HOUSE: Plot and Title Map

GAINSBOROUGH HOUSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of GAINSBOROUGH HOUSE, 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 GAINSBOROUGH HOUSE). 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 GAINSBOROUGH HOUSE?

GAINSBOROUGH HOUSE is located on STATION HILL in BURES, in the CO8 postcode district. The below map shows the position of GAINSBOROUGH HOUSE on STATION HILL.