7, FARADAY CLOSE, BRAINTREE, CM7 1JD - £302,500

7 FARADAY CLOSE is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £302,500 in January 2020, which was around 34% below the average January 2020 detached price in the Braintree local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

7 FARADAY CLOSE Sold Prices

Land registry data shows two sales for 7 FARADAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two 7 FARADAY CLOSE 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
2020 24 JAN	£302,500	£460,608	34% below HPI
2010 13 AUG	£184,500	£313,028	41% below HPI

7 FARADAY CLOSE 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 two 7 FARADAY CLOSE sales from August 2010 and January 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 2010 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 7 FARADAY CLOSE?

7 FARADAY CLOSE is 93m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses in Braintree, based on EPC data. The below chart shows the distribution of detached houses by size in Braintree, and where 7 FARADAY CLOSE lies on this distribution: 29% of detached houses are smaller than 7 FARADAY CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Braintree.

7 FARADAY CLOSE: Plot and Title Map

7 FARADAY CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 7 FARADAY 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 FARADAY 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 FARADAY CLOSE?

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