HOBBITS, BROOK STREET, GREAT BARDFIELD, BRAINTREE, CM7 4RQ - £725,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HOBBITS is a large extended detached house of 185m², built sometime before 1900, which could now be worth an estimated £732,896. It was last sold for £725,000 in May 2023, which was around 27% above the average May 2023 detached price in the Braintree local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was C.

HOBBITS Sold Prices

Land registry data shows two sales for HOBBITS 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 HOBBITS 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
2023 26 MAY	£725,000	£571,304	27% above HPI
2010 28 OCT	£500,000	£321,823	55% above HPI

HOBBITS 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 HOBBITS sales from October 2010 and May 2023 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 October 2010 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the May 2023 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might HOBBITS be worth now?

HOBBITS might now be worth an estimated £732,896.

This is based on house price inflation of 1.1%, between May 2023 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 1.1% inflationary increase is applied to the most recent sale price for HOBBITS of £725,000 on 26th May 2023. For the value to have increased from £725,000 to £732,896 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of HOBBITS has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2023 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of HOBBITS has not materially changed since May 2023.

How Large is HOBBITS?

HOBBITS is 185m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 30% of detached houses houses in Great Bardfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Bardfield, and where HOBBITS lies on this distribution: 77% of detached houses houses are smaller than HOBBITS, and 23% of houses are larger. Note that EPC data is not available for all properties in Great Bardfield.

HOBBITS: Plot and Title Map

HOBBITS sits on a plot of roughly 0.214 of an acre, or 867m². The below map shows the location of HOBBITS, 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 HOBBITS). 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 HOBBITS?

HOBBITS is located on BROOK STREET in GREAT BARDFIELD, in the CM7 postcode district. The below map shows the position of HOBBITS on BROOK STREET.