29, SOVEREIGN CLOSE, BRAINTREE, CM7 9DJ - £360,000

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.

29 SOVEREIGN CLOSE is a very small extended terraced house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £353,493. It was last sold for £360,000 in February 2023, which was around 33% above the average February 2023 terraced price in the Braintree local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

29 SOVEREIGN CLOSE Sold Prices

Land registry data shows five sales for 29 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. All of the five 29 SOVEREIGN 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
2023 24 FEB	£360,000	£271,211	33% above HPI
2011 24 JUN	£171,600	£152,852	12% above HPI
2004 13 SEP	£185,000	£139,197	33% above HPI
2002 15 MAR	£116,500	£87,205	34% above HPI
1996 2 FEB	£71,000	£42,807	66% above HPI

29 SOVEREIGN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Braintree local authority area over time, sourced from the HPI. The five 29 SOVEREIGN CLOSE sales between February 1996 and February 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 June 2011 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2023 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 29 SOVEREIGN CLOSE be worth now?

29 SOVEREIGN CLOSE might now be worth an estimated £353,493.

This is based on house price deflation of 1.8%, between February 2023 and May 2026, for terraced 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 1.8% deflationary decrease is applied to the most recent sale price for 29 SOVEREIGN CLOSE of £360,000 on 24th February 2023. For the value to have decreased from £360,000 to £353,493 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 29 SOVEREIGN CLOSE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The February 2023 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 29 SOVEREIGN CLOSE has not materially changed since February 2023.

How Large is 29 SOVEREIGN CLOSE?

29 SOVEREIGN CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 20% of terraced houses houses in Braintree, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Braintree, and where 29 SOVEREIGN CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 29 SOVEREIGN CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Braintree.

29 SOVEREIGN CLOSE: Plot and Title Map

29 SOVEREIGN CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 29 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 29 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 29 SOVEREIGN CLOSE?

29 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 29 on SOVEREIGN CLOSE.