2, SOVEREIGN CLOSE, BRAINTREE, CM7 9DL - £250,000

2 SOVEREIGN CLOSE is a midsized detached house of 113m², built sometime between 1996 and 2002. It was last sold for £250,000 in October 2010, which was around 19% below the average October 2010 detached price in the Braintree local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

2 SOVEREIGN CLOSE Sold Prices

Land registry data shows two sales for 2 SOVEREIGN 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. One of the two 2 SOVEREIGN CLOSE sales was for below the average price, whilst the other 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
2010 8 OCT	£250,000	£307,689	19% below HPI
1998 12 MAY	£118,700	£110,714	7% above HPI

2 SOVEREIGN 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 SOVEREIGN CLOSE sales from May 1998 and October 2010 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 1998 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2010 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 SOVEREIGN CLOSE?

2 SOVEREIGN CLOSE is 113m² according to the EPC inspection conducted in July 2009. This puts it in the largest 50% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 2 SOVEREIGN CLOSE lies on this distribution: 55% of detached houses are smaller than 2 SOVEREIGN CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Braintree.

2 SOVEREIGN CLOSE: Plot and Title Map

2 SOVEREIGN CLOSE sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 2 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN CLOSE?

2 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 2 on SOVEREIGN CLOSE.