7, HEREWARD WAY, WETHERSFIELD, BRAINTREE, CM7 4EG - £295,000

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.

7 HEREWARD WAY is a midsized extended detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £363,007. It was last sold for £295,000 in August 2016, which was around 35% below the average August 2016 detached price in the Braintree local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was A.

7 HEREWARD WAY Sold Prices

Land registry data shows one sale for 7 HEREWARD WAY 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
2016 22 AUG	£295,000	£452,562	35% below HPI

What might 7 HEREWARD WAY be worth now?

7 HEREWARD WAY might now be worth an estimated £363,007.

This is based on house price inflation of 23.1%, between August 2016 and May 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 23.1% inflationary increase is applied to the most recent sale price for 7 HEREWARD WAY of £295,000 on 22nd August 2016. For the value to have increased from £295,000 to £363,007 over the ten years and three months to May 2026, the following assumptions must hold true:

• The value of 7 HEREWARD WAY has moved in line with the HPI for detached houses in the Braintree local authority area.
• The August 2016 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HEREWARD WAY has not materially changed since August 2016.

How Large is 7 HEREWARD WAY?

7 HEREWARD WAY is 89m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% of detached houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where 7 HEREWARD WAY lies on this distribution: 40% of detached houses are smaller than 7 HEREWARD WAY, and 60% of detached houses are larger. Note that EPC data is not available for all properties in Wethersfield.

7 HEREWARD WAY: Plot

7 HEREWARD WAY sits on a plot of roughly 0.095 of an acre, or 383m².

Where is 7 HEREWARD WAY?

7 HEREWARD WAY is located in WETHERSFIELD, in the CM7 postcode district.