7, EDISON CLOSE, BRAINTREE, CM7 1JQ - £338,000

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.

7 EDISON CLOSE is a small terraced house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £383,986. It was last sold for £338,000 in February 2019, which was around 46% above the average February 2019 terraced price in the Braintree local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

7 EDISON CLOSE Sold Prices

Land registry data shows three sales for 7 EDISON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. Two of the three 7 EDISON CLOSE sales were for above the average price, whilst one was 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
2019 8 FEB	£338,000	£231,629	46% above HPI
2011 6 APR	£236,500	£151,513	56% above HPI
2010 22 MAR	£147,500	£152,252	3% below HPI

7 EDISON 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 three 7 EDISON CLOSE sales between March 2010 and February 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 April 2011 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the February 2019 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 7 EDISON CLOSE be worth now?

7 EDISON CLOSE might now be worth an estimated £383,986.

This is based on house price inflation of 13.6%, between February 2019 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 13.6% inflationary increase is applied to the most recent sale price for 7 EDISON CLOSE of £338,000 on 8th February 2019. For the value to have increased from £338,000 to £383,986 over the six years and ten months to April 2026, the following assumptions must hold true:

• The value of 7 EDISON CLOSE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The February 2019 sale price of £338,000 represented a fair market value for the property.
• The size, condition, and specification of 7 EDISON CLOSE has not materially changed since February 2019.

How Large is 7 EDISON CLOSE?

7 EDISON CLOSE is 89m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 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 7 EDISON CLOSE lies on this distribution: 24% of terraced houses houses are smaller than 7 EDISON CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Braintree.

7 EDISON CLOSE: Plot and Title Map

7 EDISON CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 7 EDISON 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 7 EDISON 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 7 EDISON CLOSE?

7 EDISON CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 7 on EDISON CLOSE.