4, OLD MILL CHASE, WETHERSFIELD, BRAINTREE, CM7 4EB - £239,000

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.

4 OLD MILL CHASE is a very small terraced house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £269,151. It was last sold for £239,000 in June 2020, which was around 2% above the average June 2020 terraced price in the Braintree local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was B.

4 OLD MILL CHASE Sold Prices

Land registry data shows five sales for 4 OLD MILL CHASE 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. Most of the five 4 OLD MILL CHASE 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
2020 19 JUN	£239,000	£233,665	2% above HPI
2018 31 AUG	£235,000	£230,893	2% above HPI
2016 16 SEP	£210,000	£212,389	1% below HPI
2011 15 JUN	£177,000	£152,852	16% above HPI
1999 29 OCT	£70,000	£58,864	19% above HPI

4 OLD MILL CHASE 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 4 OLD MILL CHASE sales between October 1999 and June 2020 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 August 2018 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2020 sale, which was also at 2% above the HPI.

What might 4 OLD MILL CHASE be worth now?

4 OLD MILL CHASE might now be worth an estimated £269,151.

This is based on house price inflation of 12.6%, between June 2020 and April 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 12.6% inflationary increase is applied to the most recent sale price for 4 OLD MILL CHASE of £239,000 on 19th June 2020. For the value to have increased from £239,000 to £269,151 over the six years and two months to April 2026, the following assumptions must hold true:

• The value of 4 OLD MILL CHASE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The June 2020 sale price of £239,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OLD MILL CHASE has not materially changed since June 2020.

How Large is 4 OLD MILL CHASE?

4 OLD MILL CHASE is 56m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of terraced houses houses in Wethersfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wethersfield, and where 4 OLD MILL CHASE lies on this distribution: 3% of terraced houses houses are smaller than 4 OLD MILL CHASE, and 97% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

4 OLD MILL CHASE: Plot and Title Map

4 OLD MILL CHASE sits on a plot of roughly 0.017 of an acre, or 70m². The below map shows the location of 4 OLD MILL CHASE, 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 4 OLD MILL CHASE). 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 4 OLD MILL CHASE?

4 OLD MILL CHASE is located in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of No. 4 on OLD MILL CHASE.