MILL RETREAT, BRAINTREE ROAD, WETHERSFIELD, BRAINTREE, CM7 4AQ - £580,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MILL RETREAT is a large extended detached house of 162m², built sometime before 1900. It was last sold for £580,000 in March 2021, which was around 23% above the average March 2021 detached price in the Braintree local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was C.

MILL RETREAT Sold Prices

Land registry data shows three sales for MILL RETREAT 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 MILL RETREAT 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
2021 12 MAR	£580,000	£471,818	23% above HPI
2015 5 AUG	£500,000	£382,638	31% above HPI
2007 24 MAY	£445,000	£305,882	45% above HPI

MILL RETREAT 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 MILL RETREAT sales between May 2007 and March 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 August 2015 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the March 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is MILL RETREAT?

MILL RETREAT is 162m², which includes three extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses in Shalford, based on EPC data. The below chart shows the distribution of detached houses by size in Shalford, and where MILL RETREAT lies on this distribution: 77% of detached houses are smaller than MILL RETREAT, and 23% of houses are larger. Note that EPC data is not available for all properties in Shalford.

MILL RETREAT: Plot and Title Map

MILL RETREAT sits on a plot of roughly 0.205 of an acre, or 831m². The below map shows the location of MILL RETREAT, 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 MILL RETREAT). 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 MILL RETREAT?

MILL RETREAT is located on BRAINTREE ROAD in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of MILL RETREAT on BRAINTREE ROAD.