18, CAMBRIDGE WAY, BURES, CO8 5BG - £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.

18 CAMBRIDGE WAY is a small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £360,147. It was last sold for £350,000 in April 2022, which was around 36% below the average April 2022 detached price in the Braintree local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

18 CAMBRIDGE WAY Sold Prices

Land registry data shows three sales for 18 CAMBRIDGE WAY 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. All of the three 18 CAMBRIDGE WAY sales were for below 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
2022 22 APR	£350,000	£549,692	36% below HPI
2020 17 JUL	£287,500	£493,093	42% below HPI
2015 2 JAN	£250,000	£369,430	32% below HPI

18 CAMBRIDGE WAY 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 18 CAMBRIDGE WAY sales between January 2015 and April 2022 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 July 2020 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 18 CAMBRIDGE WAY be worth now?

18 CAMBRIDGE WAY might now be worth an estimated £360,147.

This is based on house price inflation of 2.9%, between April 2022 and June 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 2.9% inflationary increase is applied to the most recent sale price for 18 CAMBRIDGE WAY of £350,000 on 22nd April 2022. For the value to have increased from £350,000 to £360,147 over the two years and ten months to June 2025, the following assumptions must hold true:

• The value of 18 CAMBRIDGE WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The April 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 18 CAMBRIDGE WAY has not materially changed since April 2022.

How Large is 18 CAMBRIDGE WAY?

18 CAMBRIDGE WAY is 90m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses houses in Bures, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bures, and where 18 CAMBRIDGE WAY lies on this distribution: 21% of detached houses houses are smaller than 18 CAMBRIDGE WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Bures.

18 CAMBRIDGE WAY: Plot and Title Map

18 CAMBRIDGE WAY sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 18 CAMBRIDGE WAY, 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 18 CAMBRIDGE WAY). 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 18 CAMBRIDGE WAY?

18 CAMBRIDGE WAY is located in BURES, in the CO8 postcode district. The below map shows the position of No. 18 on CAMBRIDGE WAY.