31, CLAY PITS, BRAINTREE, CM7 3LA - £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.

31 CLAY PITS is a large terraced house of 128m², built sometime between 2003 and 2006, which could now be worth an estimated £417,962. It was last sold for £360,000 in August 2019, which was around 57% above the average August 2019 terraced price in the Braintree local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

31 CLAY PITS Sold Prices

Land registry data shows four sales for 31 CLAY PITS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. All of the four 31 CLAY PITS 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
2019 9 AUG	£360,000	£229,378	57% above HPI
2014 5 NOV	£316,500	£180,648	75% above HPI
2007 12 DEC	£289,000	£167,523	73% above HPI
2003 10 DEC	£229,950	£120,333	91% above HPI

31 CLAY PITS 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 four 31 CLAY PITS sales between December 2003 and August 2019 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 November 2014 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the August 2019 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 31 CLAY PITS be worth now?

31 CLAY PITS might now be worth an estimated £417,962.

This is based on house price inflation of 16.1%, between August 2019 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 16.1% inflationary increase is applied to the most recent sale price for 31 CLAY PITS of £360,000 on 9th August 2019. For the value to have increased from £360,000 to £417,962 over the seven years and three months to May 2026, the following assumptions must hold true:

• The value of 31 CLAY PITS has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The August 2019 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CLAY PITS has not materially changed since August 2019.

How Large is 31 CLAY PITS?

31 CLAY PITS is 128m² according to the EPC inspection conducted in May 2014. This puts it in the largest 30% 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 31 CLAY PITS lies on this distribution: 69% of terraced houses houses are smaller than 31 CLAY PITS, and 30% of houses are larger. Note that EPC data is not available for all properties in Braintree.

31 CLAY PITS: Plot and Title Map

31 CLAY PITS sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 31 CLAY PITS, 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 31 CLAY PITS). 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 31 CLAY PITS?

31 CLAY PITS is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 31 on CLAY PITS.