2, SPRINGMEAD, BRAINTREE, CM77 7PX - £400,000

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.

2 SPRINGMEAD is a very small detached house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £401,280. It was last sold for £400,000 in May 2022, which was around 27% below the average May 2022 detached price in the Braintree local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was B.

2 SPRINGMEAD Sold Prices

Land registry data shows one sale for 2 SPRINGMEAD 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
2022 26 MAY	£400,000	£547,644	27% below HPI

What might 2 SPRINGMEAD be worth now?

2 SPRINGMEAD might now be worth an estimated £401,280.

This is based on house price inflation of 0.3%, between May 2022 and April 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 0.3% inflationary increase is applied to the most recent sale price for 2 SPRINGMEAD of £400,000 on 26th May 2022. For the value to have increased from £400,000 to £401,280 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 2 SPRINGMEAD has moved in line with the HPI for detached houses in the Braintree local authority area.
• The May 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGMEAD has not materially changed since May 2022.

How Large is 2 SPRINGMEAD?

2 SPRINGMEAD is 96m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of detached houses in Great Notley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Notley, and where 2 SPRINGMEAD lies on this distribution: 17% of detached houses are smaller than 2 SPRINGMEAD, and 82% of detached houses are larger. Note that EPC data is not available for all properties in Great Notley.

2 SPRINGMEAD: Plot

2 SPRINGMEAD sits on a plot of roughly 0.102 of an acre, or 413m².

Where is 2 SPRINGMEAD?

2 SPRINGMEAD is located in BRAINTREE, in the CM77 postcode district.