1, PHILIPS CLOSE, RAYNE, BRAINTREE, CM77 6DB - £311,000

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.

1 PHILIPS CLOSE is a midsized detached house of 120m², built sometime between 1976 and 1982, which could now be worth an estimated £549,002. It was last sold for £311,000 in November 2011, which was around 3% below the average November 2011 detached price in the Braintree local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

1 PHILIPS CLOSE Sold Prices

Land registry data shows one sale for 1 PHILIPS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Braintree local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 30 NOV	£311,000	£321,452	3% below HPI

What might 1 PHILIPS CLOSE be worth now?

1 PHILIPS CLOSE might now be worth an estimated £549,002.

This is based on house price inflation of 76.5%, between November 2011 and July 2026, 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 76.5% inflationary increase is applied to the most recent sale price for 1 PHILIPS CLOSE of £311,000 on 30th November 2011. For the value to have increased from £311,000 to £549,002 over the fifteen years and four months to July 2026, the following assumptions must hold true:

• The value of 1 PHILIPS CLOSE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The November 2011 sale price of £311,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PHILIPS CLOSE has not materially changed since November 2011.

How Large is 1 PHILIPS CLOSE?

1 PHILIPS CLOSE is 120m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% of detached houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses by size in Rayne, and where 1 PHILIPS CLOSE lies on this distribution: 43% of detached houses are smaller than 1 PHILIPS CLOSE, and 56% of detached houses are larger. Note that EPC data is not available for all properties in Rayne.

1 PHILIPS CLOSE: Plot

1 PHILIPS CLOSE sits on a plot of roughly 0.105 of an acre, or 424m².

Where is 1 PHILIPS CLOSE?

1 PHILIPS CLOSE is located in RAYNE, in the CM77 postcode district.