12, FRIARS LANE, BRAINTREE, CM7 9BL - £205,000

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.

12 FRIARS LANE is a very small terraced house of 61m², built sometime between 2003 and 2006, which could now be worth an estimated £231,696. It was last sold for £205,000 in April 2021, which was around 14% below the average April 2021 terraced price in the Braintree local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

12 FRIARS LANE Sold Prices

Land registry data shows three sales for 12 FRIARS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. Two of the three 12 FRIARS LANE 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
2021 9 APR	£205,000	£239,387	14% below HPI
2015 30 OCT	£187,500	£194,600	4% below HPI
2006 20 DEC	£175,000	£154,276	13% above HPI

12 FRIARS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Braintree local authority area over time, sourced from the HPI. The three 12 FRIARS LANE sales between December 2006 and April 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 October 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the April 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 FRIARS LANE be worth now?

12 FRIARS LANE might now be worth an estimated £231,696.

This is based on house price inflation of 13%, between April 2021 and July 2025, for terraced 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 13% inflationary increase is applied to the most recent sale price for 12 FRIARS LANE of £205,000 on 9th April 2021. For the value to have increased from £205,000 to £231,696 over the three years and nine months to July 2025, the following assumptions must hold true:

• The value of 12 FRIARS LANE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The April 2021 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 12 FRIARS LANE has not materially changed since April 2021.

How Large is 12 FRIARS LANE?

12 FRIARS LANE is 61m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of terraced houses houses in Braintree, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Braintree, and where 12 FRIARS LANE lies on this distribution: 2% of terraced houses houses are smaller than 12 FRIARS LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Braintree.

12 FRIARS LANE: Plot and Title Map

12 FRIARS LANE sits on a plot of roughly 0.013 of an acre, or 54m². The below map shows the location of 12 FRIARS LANE, 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 12 FRIARS LANE). 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 12 FRIARS LANE?

12 FRIARS LANE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 12 on FRIARS LANE.