5, RYE GRASS WAY, BRAINTREE, CM7 1GL - £405,000

5 RYE GRASS WAY is a very small detached house of 84m², built sometime between 2003 and 2006. It was last sold for £405,000 in September 2022, which was around 26% below the average September 2022 detached price in the Braintree local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 RYE GRASS WAY Sold Prices

Land registry data shows four sales for 5 RYE GRASS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four 5 RYE GRASS WAY 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
2022 7 SEP	£405,000	£544,064	26% below HPI
2020 3 AUG	£315,000	£473,328	33% below HPI
2007 2 MAR	£223,000	£307,069	27% below HPI
2002 11 OCT	£165,000	£224,823	27% below HPI

5 RYE GRASS WAY 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 four 5 RYE GRASS WAY sales between October 2002 and September 2022 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 2020 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 RYE GRASS WAY?

5 RYE GRASS WAY is 84m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 5 RYE GRASS WAY lies on this distribution: 19% of detached houses are smaller than 5 RYE GRASS WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Braintree.

5 RYE GRASS WAY: Plot and Title Map

5 RYE GRASS WAY sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 5 RYE GRASS WAY, 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 5 RYE GRASS WAY). 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 5 RYE GRASS WAY?

5 RYE GRASS WAY is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 5 on RYE GRASS WAY.