5, WATER LANE, BURES, CO8 5DE - £417,000

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

5 WATER LANE is a midsized extended detached house of 127m², built sometime between 1983 and 1990. It was last sold for £417,000 in August 2014, which was around 18% above the average August 2014 detached price in the Braintree local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

5 WATER LANE Sold Prices

Land registry data shows three sales for 5 WATER LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three 5 WATER LANE 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
2014 15 AUG	£417,000	£354,310	18% above HPI
2004 17 DEC	£345,000	£282,641	22% above HPI
1996 17 SEP	£115,000	£95,598	20% above HPI

5 WATER LANE 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 three 5 WATER LANE sales between September 1996 and August 2014 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 December 2004 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2014 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 5 WATER LANE?

5 WATER LANE is 127m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 50% of detached houses in Bures, based on EPC data. The below chart shows the distribution of detached houses by size in Bures, and where 5 WATER LANE lies on this distribution: 56% of detached houses are smaller than 5 WATER LANE, and 44% of houses are larger. Note that EPC data is not available for all properties in Bures.

5 WATER LANE: Plot and Title Map

5 WATER LANE sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 5 WATER LANE, 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 WATER LANE). 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 WATER LANE?

5 WATER LANE is located in BURES, in the CO8 postcode district. The below map shows the position of No. 5 on WATER LANE.