8, SCOTT CLOSE, BRAINTREE, CM7 1BL - £185,000

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.

8 SCOTT CLOSE is a very small terraced house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £247,212. It was last sold for £185,000 in December 2015, which was around 6% below the average December 2015 terraced price in the Braintree local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

8 SCOTT CLOSE Sold Prices

Land registry data shows five sales for 8 SCOTT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. All of the five 8 SCOTT 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
2015 21 DEC	£185,000	£196,922	6% below HPI
2007 15 FEB	£147,000	£158,983	8% below HPI
2005 2 MAR	£128,000	£140,723	9% below HPI
2001 30 NOV	£77,500	£79,884	3% below HPI
1999 3 AUG	£43,000	£57,930	26% below HPI

8 SCOTT 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 five 8 SCOTT CLOSE sales between August 1999 and December 2015 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 2007 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2015 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 8 SCOTT CLOSE be worth now?

8 SCOTT CLOSE might now be worth an estimated £247,212.

This is based on house price inflation of 33.6%, between December 2015 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 33.6% inflationary increase is applied to the most recent sale price for 8 SCOTT CLOSE of £185,000 on 21st December 2015. For the value to have increased from £185,000 to £247,212 over the eleven years and eight months to April 2026, the following assumptions must hold true:

• The value of 8 SCOTT CLOSE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The December 2015 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SCOTT CLOSE has not materially changed since December 2015.

How Large is 8 SCOTT CLOSE?

8 SCOTT CLOSE is 81m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% 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 8 SCOTT CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 8 SCOTT CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Braintree.

8 SCOTT CLOSE: Plot and Title Map

8 SCOTT CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 8 SCOTT 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 8 SCOTT 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 8 SCOTT CLOSE?

8 SCOTT CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 8 on SCOTT CLOSE.