THE CORNER, VICARAGE ROAD, FINCHINGFIELD, BRAINTREE, CM7 4LD - £580,000

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.

THE CORNER is a large extended detached house of 192m², built sometime before 1900, which could now be worth an estimated £678,766. It was last sold for £580,000 in March 2021, which was around 18% above the average March 2021 detached price in the Braintree local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

THE CORNER Sold Prices

Land registry data shows two sales for THE CORNER 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 THE CORNER 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 22 MAR	£580,000	£493,491	18% above HPI
2017 6 JAN	£500,000	£467,983	7% above HPI

THE CORNER 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 THE CORNER sales from January 2017 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 January 2017 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might THE CORNER be worth now?

THE CORNER might now be worth an estimated £678,766.

This is based on house price inflation of 17%, between March 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 17% inflationary increase is applied to the most recent sale price for THE CORNER of £580,000 on 22nd March 2021. For the value to have increased from £580,000 to £678,766 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of THE CORNER has moved in line with the HPI for detached houses in the Braintree local authority area.
• The March 2021 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of THE CORNER has not materially changed since March 2021.

How Large is THE CORNER?

THE CORNER is 192m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses houses in Finchingfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Finchingfield, and where THE CORNER lies on this distribution: 78% of detached houses houses are smaller than THE CORNER, and 22% of houses are larger. Note that EPC data is not available for all properties in Finchingfield.

THE CORNER: Plot and Title Map

THE CORNER sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of THE CORNER, 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 THE CORNER). 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 THE CORNER?

THE CORNER is located on VICARAGE ROAD in FINCHINGFIELD, in the CM7 postcode district. The below map shows the position of THE CORNER on VICARAGE ROAD.