18, MILL PARK DRIVE, BRAINTREE, CM7 1XF - £400,000

18 MILL PARK DRIVE is a very small detached house of 81m², built sometime between 1996 and 2002. It was last sold for £400,000 in May 2023, which was around 27% below the average May 2023 detached price in the Braintree local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

18 MILL PARK DRIVE Sold Prices

Land registry data shows five sales for 18 MILL PARK DRIVE 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. All of the five 18 MILL PARK DRIVE 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
2023 26 MAY	£400,000	£545,105	27% below HPI
2022 30 AUG	£400,000	£539,585	26% below HPI
2019 22 MAR	£345,000	£470,968	27% below HPI
2015 23 MAR	£250,000	£363,459	31% below HPI
2001 19 OCT	£139,950	£177,497	21% below HPI

18 MILL PARK DRIVE 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 18 MILL PARK DRIVE sales between October 2001 and May 2023 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 August 2022 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 18 MILL PARK DRIVE?

18 MILL PARK DRIVE is 81m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 18 MILL PARK DRIVE lies on this distribution: 15% of detached houses are smaller than 18 MILL PARK DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Braintree.

18 MILL PARK DRIVE: Plot and Title Map

18 MILL PARK DRIVE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 18 MILL PARK DRIVE, 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 MILL PARK DRIVE). 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 MILL PARK DRIVE?

18 MILL PARK DRIVE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 18 on MILL PARK DRIVE.