£493,433
This estimated value is based upon the latest sale price for the house of £382,500 on 25 Jan 2017. This value is then adjusted by the current Official House Price Index for ESSEX 1
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Market House, Market Place, Braintree, CM7 3HG
Phone: 01376409817
| Price Paid | Date |
|---|---|
| £382,500 | 25 Jan 2017 |
| £227,000 | 30 Jan 2004 |
| £186,995 | 27 Jun 2002 |
| £159,000 | 23 Apr 2001 |
| £118,250 | 27 Jun 1997 |
| Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in January 2017 the House Price Index for ESSEX was 113.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 29.002%.Applying this 29.002% change to the original purchase price of £382,500 results in an estimated price of approximately £493,433.
| 25 Jan 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 146.7 | 29.002 % | £382,500 | £110,933 | £493,433 |
The Postcode Pricing Model uses changes in average sales price within the CM7 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -15.814 % | £-60,487 | £322,012 |
| 3 Month Average | -8.974 % | £-34,325 | £348,174 |
| 6 Month Average | 9.985 % | £38,192 | £420,692 |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 7 Sep 2020.
The average size of a house on SOVEREIGN CLOSE is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Farthing Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Hatches Mews |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Hatches Mews |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Anson Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Bridport Way |