THE HOODS, HIGH STREET, WETHERSFIELD, BRAINTREE, CM7 4BY - £360,000

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

THE HOODS is a small detached house of 80m², built sometime from 2007 onwards. It was last sold for £360,000 in March 2024, which was around 32% below the average March 2024 detached price in the Braintree local authority area. The most recent EPC inspection was December 2014, where the current energy rating was B, and the potential energy rating was B.

THE HOODS Sold Prices

Land registry data shows three sales for THE HOODS 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. Two of the three THE HOODS sales were for below the average price, whilst one was 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
2024 22 MAR	£360,000	£526,720	32% below HPI
2023 13 JAN	£376,000	£545,111	31% below HPI
2006 25 MAY	£465,000	£286,913	62% above HPI

THE HOODS 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 THE HOODS sales between May 2006 and March 2024 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 2023 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is THE HOODS?

THE HOODS is 80m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% of detached houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where THE HOODS lies on this distribution: 33% of detached houses are smaller than THE HOODS, and 66% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

THE HOODS: Plot and Title Map

THE HOODS sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of THE HOODS, 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 HOODS). 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 HOODS?

THE HOODS is located on HIGH STREET in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of THE HOODS on HIGH STREET.