THE JAYS, GORE LANE, RAYNE, BRAINTREE, CM77 6TU - £350,000

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 JAYS is a very small detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £413,123. It was last sold for £350,000 in November 2017, which was around 28% below the average November 2017 detached price in the Braintree local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was C.

THE JAYS Sold Prices

Land registry data shows five sales for THE JAYS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. The five THE JAYS sales were a mix of below the average price, and roughly equal to 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
2017 16 NOV	£350,000	£489,283	28% below HPI
2017 15 NOV	£350,000	£489,283	28% below HPI
2010 9 APR	£250,000	£311,142	20% below HPI
2003 30 MAY	£250,000	£258,997	3% below HPI
1999 16 MAR	£122,500	£122,499	Close to HPI

THE JAYS 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 five THE JAYS sales between March 1999 and November 2017 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 November 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2017 sale, which was also at 28% below the HPI.

What might THE JAYS be worth now?

THE JAYS might now be worth an estimated £413,123.

This is based on house price inflation of 18%, between November 2017 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 18% inflationary increase is applied to the most recent sale price for THE JAYS of £350,000 on 16th November 2017. For the value to have increased from £350,000 to £413,123 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of THE JAYS has moved in line with the HPI for detached houses in the Braintree local authority area.
• The November 2017 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of THE JAYS has not materially changed since November 2017.

How Large is THE JAYS?

THE JAYS is 85m² according to the EPC inspection conducted in March 2020. 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 THE JAYS lies on this distribution: 7% of detached houses houses are smaller than THE JAYS, and 92% of houses are larger. Note that EPC data is not available for all properties in Rayne.

THE JAYS: Plot and Title Map

THE JAYS sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of THE JAYS, 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 JAYS). 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 JAYS?

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