2, DURHAM CLOSE, GREAT BARDFIELD, BRAINTREE, CM7 4UA - £595,000

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 DURHAM CLOSE is a midsized detached house of 142m², built sometime between 1976 and 1982, which could now be worth an estimated £605,048. It was last sold for £595,000 in May 2022, which was around 9% above the average May 2022 detached price in the Braintree local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

2 DURHAM CLOSE Sold Prices

Land registry data shows two sales for 2 DURHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 2 DURHAM CLOSE 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 27 MAY	£595,000	£547,644	9% above HPI
2000 10 JAN	£162,500	£141,285	15% above HPI

2 DURHAM CLOSE 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 two 2 DURHAM CLOSE sales from January 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 January 2000 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2022 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 DURHAM CLOSE be worth now?

2 DURHAM CLOSE might now be worth an estimated £605,048.

This is based on house price inflation of 1.7%, between May 2022 and May 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 1.7% inflationary increase is applied to the most recent sale price for 2 DURHAM CLOSE of £595,000 on 27th May 2022. For the value to have increased from £595,000 to £605,048 over the four years to May 2026, the following assumptions must hold true:

• The value of 2 DURHAM CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2022 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DURHAM CLOSE has not materially changed since May 2022.

How Large is 2 DURHAM CLOSE?

2 DURHAM CLOSE is 142m² according to the EPC inspection conducted in September 2021. This puts it in the largest 50% of detached houses houses in Great Bardfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Bardfield, and where 2 DURHAM CLOSE lies on this distribution: 53% of detached houses houses are smaller than 2 DURHAM CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Great Bardfield.

2 DURHAM CLOSE: Plot and Title Map

2 DURHAM CLOSE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 2 DURHAM CLOSE, 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 DURHAM CLOSE). 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 DURHAM CLOSE?

2 DURHAM CLOSE is located in GREAT BARDFIELD, in the CM7 postcode district. The below map shows the position of No. 2 on DURHAM CLOSE.