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

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.

MELODY is a very small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £408,913. It was last sold for £395,000 in October 2023, which was around 29% 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	£557,876	29% below HPI
2006 27 OCT	£280,000	£310,683	10% below HPI
1999 16 APR	£113,995	£123,011	7% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might MELODY be worth now?

MELODY might now be worth an estimated £408,913.

This is based on house price inflation of 3.5%, between October 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 3.5% inflationary increase is applied to the most recent sale price for MELODY of £395,000 on 20th October 2023. For the value to have increased from £395,000 to £408,913 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of MELODY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The October 2023 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of MELODY has not materially changed since October 2023.

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 houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rayne, and where MELODY lies on this distribution: 10% of detached houses houses are smaller than MELODY, and 90% 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.