7, PARSONAGE GROVE, BURES, CO8 5BU - £450,000

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 PARSONAGE GROVE is a midsized detached house of 128m², built sometime between 1983 and 1990, which could now be worth an estimated £522,086. It was last sold for £450,000 in October 2018, which was around 10% below the average October 2018 detached price in the Braintree local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was A.

7 PARSONAGE GROVE Sold Prices

Land registry data shows three sales for 7 PARSONAGE GROVE 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. One of the three 7 PARSONAGE GROVE sales was for below the average price, whilst two 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
2018 25 OCT	£450,000	£497,785	10% below HPI
2003 28 FEB	£260,000	£255,218	2% above HPI
1996 16 DEC	£125,000	£99,373	26% above HPI

7 PARSONAGE GROVE 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 7 PARSONAGE GROVE sales between December 1996 and October 2018 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 February 2003 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2018 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 7 PARSONAGE GROVE be worth now?

7 PARSONAGE GROVE might now be worth an estimated £522,086.

This is based on house price inflation of 16%, between October 2018 and February 2025, for detached 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 16% inflationary increase is applied to the most recent sale price for 7 PARSONAGE GROVE of £450,000 on 25th October 2018. For the value to have increased from £450,000 to £522,086 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 PARSONAGE GROVE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The October 2018 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARSONAGE GROVE has not materially changed since October 2018.

How Large is 7 PARSONAGE GROVE?

7 PARSONAGE GROVE is 128m² according to the EPC inspection conducted in April 2018. This puts it in the largest 50% of detached houses houses in Bures, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bures, and where 7 PARSONAGE GROVE lies on this distribution: 57% of detached houses houses are smaller than 7 PARSONAGE GROVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Bures.

7 PARSONAGE GROVE: Plot and Title Map

7 PARSONAGE GROVE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 7 PARSONAGE GROVE, 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 PARSONAGE GROVE). 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 PARSONAGE GROVE?

7 PARSONAGE GROVE is located in BURES, in the CO8 postcode district. The below map shows the position of No. 7 on PARSONAGE GROVE.