THE RAFTERS, DRURY LANE, RIDGEWELL, HALSTEAD, CO9 4SJ - £269,000

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 RAFTERS is a small extended detached house of 123m², built sometime before 1900. It was last sold for £269,000 in February 2007, which was around 13% below the average February 2007 detached price in the Braintree local authority area. The most recent EPC inspection was August 2022, where the current energy rating was F, and the potential energy rating was E.

THE RAFTERS Sold Prices

Land registry data shows two sales for THE RAFTERS 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. One of the two THE RAFTERS sales was for below the average price, whilst the other 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
2007 17 FEB	£269,000	£307,596	13% below HPI
2001 14 JUN	£206,500	£169,871	22% above HPI

THE RAFTERS 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 RAFTERS sales from June 2001 and February 2007 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 June 2001 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the February 2007 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is THE RAFTERS?

THE RAFTERS is 123m², which includes two extensions, according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% of detached houses in Ridgewell, based on EPC data. The below chart shows the distribution of detached houses by size in Ridgewell, and where THE RAFTERS lies on this distribution: 26% of detached houses are smaller than THE RAFTERS, and 70% of houses are larger. Note that EPC data is not available for all properties in Ridgewell.

THE RAFTERS: Plot and Title Map

THE RAFTERS sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of THE RAFTERS, 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 RAFTERS). 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 RAFTERS?

THE RAFTERS is located on DRURY LANE in RIDGEWELL, in the CO9 postcode district. The below map shows the position of THE RAFTERS on DRURY LANE.