MELODY, GORE LANE, RAYNE, BRAINTREE, CM77 6TU - £395,000

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

MELODY is a very small detached house of 88m², built sometime between 1996 and 2002. It was last sold for £395,000 in October 2023, which was around 26% below the average October 2023 detached price in the Braintree local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

MELODY Sold Prices

Land registry data shows three sales for MELODY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three MELODY 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
2023 20 OCT	£395,000	£534,605	26% below HPI
2006 27 OCT	£280,000	£297,039	6% below HPI
1999 16 APR	£113,995	£117,608	3% below HPI

MELODY 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 three MELODY sales between April 1999 and October 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 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is MELODY?

MELODY is 88m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses by size in Rayne, and where MELODY lies on this distribution: 9% of detached houses are smaller than MELODY, and 91% of houses are larger. Note that EPC data is not available for all properties in Rayne.

MELODY: Plot and Title Map

MELODY sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of MELODY, 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 MELODY). 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 MELODY?

MELODY is located on GORE LANE in RAYNE, in the CM77 postcode district. The below map shows the position of MELODY on GORE LANE.