8, THE PINES, HATFIELD PEVEREL, CHELMSFORD, CM3 2DB - £397,000

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 THE PINES is a small detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £547,632. It was last sold for £397,000 in October 2015, which was around 3% below the average October 2015 detached price in the Braintree local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

8 THE PINES Sold Prices

Land registry data shows three sales for 8 THE PINES 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. The three 8 THE PINES sales were a mix of below the average price, and roughly equal to 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 16 OCT	£397,000	£410,046	3% below HPI
2007 17 DEC	£340,000	£340,784	Close to HPI
2006 19 MAY	£260,000	£300,093	13% below HPI

8 THE PINES 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 8 THE PINES sales between May 2006 and October 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 December 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2015 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 8 THE PINES be worth now?

8 THE PINES might now be worth an estimated £547,632.

This is based on house price inflation of 37.9%, between October 2015 and June 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 37.9% inflationary increase is applied to the most recent sale price for 8 THE PINES of £397,000 on 16th October 2015. For the value to have increased from £397,000 to £547,632 over the ten years and four months to June 2025, the following assumptions must hold true:

• The value of 8 THE PINES has moved in line with the HPI for detached houses in the Braintree local authority area.
• The October 2015 sale price of £397,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE PINES has not materially changed since October 2015.

How Large is 8 THE PINES?

8 THE PINES is 100m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses houses in Hatfield Peverel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hatfield Peverel, and where 8 THE PINES lies on this distribution: 31% of detached houses houses are smaller than 8 THE PINES, and 69% of houses are larger. Note that EPC data is not available for all properties in Hatfield Peverel.

8 THE PINES: Plot and Title Map

8 THE PINES sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 8 THE PINES, 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 THE PINES). 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 THE PINES?

8 THE PINES is located in HATFIELD PEVEREL, in the CM3 postcode district. The below map shows the position of No. 8 on THE PINES.