22, SOVEREIGN CLOSE, BRAINTREE, CM7 9DL - £438,000

22 SOVEREIGN CLOSE is a large detached house of 120m², built sometime between 1991 and 1995. It was last sold for £438,000 in January 2021, which was around 9% below the average January 2021 detached price in the Braintree local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

22 SOVEREIGN CLOSE Sold Prices

Land registry data shows six sales for 22 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Most of the six 22 SOVEREIGN CLOSE 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
2021 21 JAN	£438,000	£480,982	9% below HPI
2017 25 JAN	£382,500	£447,430	15% below HPI
2004 30 JAN	£227,000	£255,968	11% below HPI
2002 27 JUN	£186,995	£203,448	8% below HPI
2001 23 APR	£159,000	£164,049	3% below HPI
1997 27 JUN	£118,250	£98,981	19% above HPI

22 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 six 22 SOVEREIGN CLOSE sales between June 1997 and January 2021 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 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 22 SOVEREIGN CLOSE?

22 SOVEREIGN CLOSE is 120m² according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 22 SOVEREIGN CLOSE lies on this distribution: 62% of detached houses are smaller than 22 SOVEREIGN CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Braintree.

22 SOVEREIGN CLOSE: Plot and Title Map

22 SOVEREIGN CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 22 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 22 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 22 SOVEREIGN CLOSE?

22 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 22 on SOVEREIGN CLOSE.