2, CHERRY GARDENS, BRAINTREE, CM77 7GH - £555,000

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.

2 CHERRY GARDENS is a midsized detached house of 139m², built sometime between 1996 and 2002, which could now be worth an estimated £556,776. It was last sold for £555,000 in May 2022, which was around 1% above the average May 2022 detached price in the Braintree local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

2 CHERRY GARDENS Sold Prices

Land registry data shows three sales for 2 CHERRY GARDENS 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 2 CHERRY GARDENS sales were 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
2022 13 MAY	£555,000	£547,644	1% above HPI
2002 28 MAY	£249,995	£209,958	19% above HPI
2000 28 APR	£176,500	£142,971	23% above HPI

2 CHERRY GARDENS 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 2 CHERRY GARDENS sales between April 2000 and May 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 May 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2022 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 CHERRY GARDENS be worth now?

2 CHERRY GARDENS might now be worth an estimated £556,776.

This is based on house price inflation of 0.3%, between May 2022 and April 2026, 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 0.3% inflationary increase is applied to the most recent sale price for 2 CHERRY GARDENS of £555,000 on 13th May 2022. For the value to have increased from £555,000 to £556,776 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 2 CHERRY GARDENS has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2022 sale price of £555,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY GARDENS has not materially changed since May 2022.

How Large is 2 CHERRY GARDENS?

2 CHERRY GARDENS is 139m² according to the EPC inspection conducted in August 2021. This puts it in the largest 50% of detached houses houses in Great Notley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Notley, and where 2 CHERRY GARDENS lies on this distribution: 59% of detached houses houses are smaller than 2 CHERRY GARDENS, and 41% of houses are larger. Note that EPC data is not available for all properties in Great Notley.

2 CHERRY GARDENS: Plot and Title Map

2 CHERRY GARDENS sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of 2 CHERRY GARDENS, 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 2 CHERRY GARDENS). 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 2 CHERRY GARDENS?

2 CHERRY GARDENS is located in BRAINTREE, in the CM77 postcode district. The below map shows the position of No. 2 on CHERRY GARDENS.