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House Prices in CM77

The average house price in CM77 (Braintree) is £280,000 using HM Land Registry data.

The average property price increased by £102,178 (8.21%) over the last 5 years and increased by £20,426 (1.41%) over the last 12 months.

Over the last year, there were 133 residential property sales – a decrease of 95 transactions (-71.43%) relative to the previous year. The majority of house sales (32) were in the £314,000 - £378,000 range. Then came properties in the £378,000 - £442,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £0 (0%).

In June 2024, there were 45 new estate agency instructions, 22 agreed home sales and 30 property price reductions.

5-Year Average Property Prices in CM77 (Braintree)

8.21%

Property prices in Braintree increased by 8.21% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CM77 (Braintree) Over the Last Year

1.41%

Property prices in Braintree increased by 1.41% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for CM77 (Braintree) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CM77 (Braintree)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CM77 (Braintree)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CM77 (Braintree)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CM77 (Braintree) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM77 postcode area since 1995.

Recent Sales in CM77 (Braintree)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
39 Constable Way, Black Notley, Braintree, Essex, CM77 8FE	£550,000	£530,000	-£20,000	08 Sep 2023	09 Jan 2024	123 Days
3 Hance Lane, Rayne, Braintree, Essex, CM77 6TH	£325,000	£320,000	-£5,000	04 Aug 2023	20 Dec 2023	138 Days
3 Gainsborough Road, Braintree, Essex, CM77 8DU	£525,000	£510,000	-£15,000	06 Jun 2023	20 Dec 2023	197 Days
19 Gainsborough Road, Braintree, Essex, CM77 8DU	£750,000	£350,000	-£400,000	24 Aug 2023	18 Dec 2023	116 Days
23 Notley Green, Great Notley, Braintree, Essex, CM77 7US	£400,000	£400,000	£00	25 Apr 2023	12 Dec 2023	231 Days
7 Warner Close, Rayne, Braintree, Essex, CM77 6GX	£300,000	£290,000	-£10,000	15 Jun 2023	01 Dec 2023	169 Days
68 Ellen Way, Great Notley, Braintree, Essex, CM77 7XG	£385,000	£375,000	-£10,000	14 Jul 2023	30 Nov 2023	139 Days
15 Capel Road, Rayne, Braintree, Essex, CM77 6BZ	£350,000	£335,000	-£15,000	12 Aug 2023	26 Nov 2023	106 Days
144 Witham Road, Black Notley, Braintree, Essex, CM77 8LX	£325,000	£300,000	-£25,000	29 Mar 2022	11 Oct 2023	561 Days
206 Witham Road, Black Notley, Braintree, Essex, CM77 8NH	£475,000	£460,000	-£15,000	06 Feb 2023	29 Sep 2023	235 Days
4 Mallard Close, Great Notley, Braintree, Essex, CM77 7YD	£500,000	£490,000	-£10,000	06 Mar 2023	28 Sep 2023	206 Days
5 Symmons Close, Rayne, Braintree, Essex, CM77 6TL	£330,000	£300,000	-£30,000	13 Apr 2023	27 Sep 2023	167 Days
Grimwood, Braintree Road, Cressing, Braintree, Essex, CM77 8JB	£499,995	£492,500	-£7,495	11 Apr 2023	14 Sep 2023	156 Days
19 Greenway Gardens, Braintree, Essex, CM77 7QB	£525,000	£525,000	£00	19 May 2023	05 Sep 2023	109 Days
27 Thresher Rise, Braintree, Essex, CM77 7WN	£410,000	£410,000	£00	15 Apr 2023	01 Sep 2023	139 Days
34 Windermere Drive, Great Notley, Braintree, Essex, CM77 7UA	£500,000	£480,000	-£20,000	21 Mar 2023	25 Aug 2023	157 Days
3 Notley Green, Great Notley, Braintree, Essex, CM77 7US	£600,000	£595,000	-£5,000	04 Apr 2023	17 Aug 2023	135 Days
101 Bedells Avenue, Black Notley, Braintree, Essex, CM77 8NA	£350,000	£340,000	-£10,000	02 Feb 2023	14 Aug 2023	193 Days
82 The Street, Black Notley, Braintree, Essex, CM77 8LL	£500,000	£500,000	£00	08 Feb 2023	02 Aug 2023	175 Days
14 Gainsborough Road, Braintree, Essex, CM77 8DU	£625,000	£610,000	-£15,000	02 Nov 2022	27 Jul 2023	267 Days

Most Expensive Streets in CM77 (Braintree)

Postcode	Street	Area	Average	No. of Sales
CM77 8AL	Rectory Road, Stisted	Braintree	£1,195,000	3
CM77 8AF	Jenkins Farm, Kings Lane	Braintree	£1,021,250	4
CM77 7XS	Petworth Close, Great Notley	Braintree	£861,666	6
CM77 8QQ	London Road, Black Notley	Braintree	£861,500	3
CM77 8PT	London Road	Braintree	£806,250	4
CM77 8DQ	The Street, Cressing	Braintree	£800,500	6
CM77 8EP	Church Road, Bradwell	Braintree	£790,000	3
CM77 7QD	Queenborough Lane	Braintree	£769,214	7
CM77 7AQ	The Paddocks, Great Notley	Braintree	£661,285	7
CM77 7ZY	Ickworth Close, Great Notley	Braintree	£660,000	4

Least Expensive Streets in CM77 (Braintree)

Postcode	Street	Area	Average	No. of Sales
CM77 8JP	Jeffreys Court, Jeffreys Road	Braintree	£179,142	7
CM77 6RU	The Castings, The Street, Rayne	Braintree	£196,862	4
CM77 7TZ	Elder Field, Great Notley	Braintree	£221,083	6
CM77 8GT	Mary Ruck Way, Black Notley	Braintree	£225,250	4
CM77 7JW	Stanstrete Field, Great Notley	Braintree	£232,428	7
CM77 7WP	Stanstrete Field, Great Notley	Braintree	£240,250	8
CM77 7XP	Ragley Close, Great Notley	Braintree	£255,785	7
CM77 8HE	Benton Close, Cressing	Braintree	£265,000	3
CM77 7XA	Langdale, Great Notley	Braintree	£266,450	10
CM77 7PR	Stanstrete Field, Great Notley	Braintree	£267,170	20