9, SOVEREIGN CLOSE, BRAINTREE, CM7 9DJ - £268,000

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.

9 SOVEREIGN CLOSE is a very small terraced house of 54m², built sometime between 1991 and 1995, which could now be worth an estimated £265,617. It was last sold for £268,000 in April 2023, which was about the average April 2023 terraced price in the Braintree local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was A.

9 SOVEREIGN CLOSE Sold Prices

Land registry data shows four sales for 9 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Braintree local authority area for the corresponding sale date. The four 9 SOVEREIGN CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2023 28 APR	£268,000	£268,698	Close to HPI
2010 23 SEP	£146,000	£155,096	6% below HPI
2007 23 FEB	£150,000	£158,983	6% below HPI
1995 15 DEC	£53,000	£43,731	21% above HPI

9 SOVEREIGN 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 four 9 SOVEREIGN CLOSE sales between December 1995 and April 2023 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 September 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the April 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 9 SOVEREIGN CLOSE be worth now?

9 SOVEREIGN CLOSE might now be worth an estimated £265,617.

This is based on house price deflation of 0.9%, between April 2023 and May 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 0.9% deflationary decrease is applied to the most recent sale price for 9 SOVEREIGN CLOSE of £268,000 on 28th April 2023. For the value to have decreased from £268,000 to £265,617 over the two years and eleven months to May 2026, the following assumptions must hold true:

• The value of 9 SOVEREIGN CLOSE has moved in line with the HPI for terraced houses in the Braintree local authority area.
• The April 2023 sale price of £268,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SOVEREIGN CLOSE has not materially changed since April 2023.

How Large is 9 SOVEREIGN CLOSE?

9 SOVEREIGN CLOSE is 54m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% 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 9 SOVEREIGN CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 9 SOVEREIGN CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Braintree.

9 SOVEREIGN CLOSE: Plot and Title Map

9 SOVEREIGN CLOSE sits on a plot of roughly 0.022 of an acre, or 91m². The below map shows the location of 9 SOVEREIGN 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 9 SOVEREIGN 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 9 SOVEREIGN CLOSE?

9 SOVEREIGN CLOSE is located in BRAINTREE, in the CM7 postcode district. The below map shows the position of No. 9 on SOVEREIGN CLOSE.