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Braintree House Prices Braintree House Prices

The average house price in Braintree is £278,194 using HM Land Registry data.

The average property price increased by £50,976 (18.5%) over the last 5 years and increased by £10,191 (3.22%) over the last 12 months.

Over the last year, there were 455 residential property sales – a decrease of 290 transactions (-63.74%) relative to the previous year. The majority of house sales (109) were in the £276,000 - £334,000 range. Then came properties in the £218,000 - £276,000 range, where 80 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,197 (-3%).

In Oct 24, there were 111 new estate agency instructions, 98 agreed home sales and 89 property price reductions.

Neighbouring Areas: Great Notley

Postcodes Covered: CM7, CM77

5-Year Average Property Prices in Braintree

18.5%

Property prices in Braintree increased by 18.5% 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 Braintree Over the Last Year

3.22%

Property prices in Braintree increased by 3.22% 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.

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).

Property Market Heat Gauge for Braintree - Oct 24

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 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 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 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 Braintree since 1995

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

Recent Property Sales in Braintree

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Holden Close, Braintree, Essex, CM7 3BU£160,000£158,000-£2,00018 Apr 202423 Aug 2024127 Days
68 Tortoiseshell Way, Braintree, Essex, CM7 1WG£315,000£300,000-£15,00022 Mar 202423 Aug 2024154 Days
78 Connaught Gardens, Braintree, Essex, CM7 9NA£350,000£350,000£0007 Mar 202419 Aug 2024165 Days
1 Hadley Close, Braintree, Essex, CM7 5LP£399,995£390,000-£9,99527 Mar 202415 Aug 2024141 Days
162 Cressing Road, Braintree, Essex, CM7 3PL£250,000£250,000£0026 Apr 202409 Aug 2024105 Days
22 Grayling Close, Braintree, Essex, CM7 1WW£280,000£278,000-£2,00003 Jun 202401 Aug 202459 Days
16 Chaucer Crescent, Braintree, Essex, CM7 1AQ£290,000£290,000£0001 May 202431 Jul 202491 Days
74 Thistley Green Road, Braintree, Essex, CM7 9SE£330,000£325,000-£5,00016 Apr 202425 Jul 2024100 Days
29 Coldnailhurst Avenue, Braintree, Essex, CM7 2SL£280,000£280,000£0022 Jan 202411 Jul 2024171 Days
15 Hunnable Road, Braintree, Essex, CM7 2NU£350,000£330,700-£19,30025 Nov 202310 Jul 2024228 Days
9 Stafford Crescent, Braintree, Essex, CM7 9PS£300,000£300,000£0001 Mar 202405 Jul 2024126 Days
34 Wheatley Avenue, Braintree, Essex, CM7 3DP£270,000£265,000-£5,00021 Nov 202319 Jun 2024211 Days
Flat 43, Albert Court, Railway Street, Braintree, Essex, CM7 3JU£100,000£100,000£0016 Oct 202317 Jun 2024245 Days
90 Victoria Street, Braintree, Essex, CM7 3HL£300,000£290,000-£10,00009 Feb 202412 Jun 2024124 Days
9 Nineacres, Braintree, Essex, CM7 1DX£335,000£325,000-£10,00006 Feb 202412 Jun 2024127 Days
79 Kenworthy Road, Braintree, Essex, CM7 1JJ£325,000£312,500-£12,50025 Aug 202310 Jun 2024290 Days
Flat 2, Ranger Heights, Swan Side, Braintree, Essex, CM7 1UX£140,000£134,500-£5,50011 Sep 202310 Jun 2024273 Days
157 Church Lane, Braintree, Essex, CM7 5SB£350,000£325,000-£25,00006 Feb 202424 May 2024108 Days
23 Bradford Street, Braintree, Essex, CM7 9AS£525,000£525,000£0015 Nov 202303 May 2024170 Days
Flat 30, Victoria Court, Railway Street, Braintree, Essex, CM7 3JZ£100,000£95,000-£5,00002 Nov 202326 Apr 2024176 Days

Most Expensive Streets in Braintree

PostcodeStreetAreaAverageNo. of Sales
CM7 2LLMarshalls RoadBraintree£673,6005
CM7 9SEThistley Green RoadBraintree£667,2005
CM7 9BECourtauld RoadBraintree£647,5003
CM7 2ASLondon RoadBraintree£626,6663
CM7 9RZBroad RoadBraintree£607,0005
CM7 2LGLondon RoadBraintree£588,3333
CM7 5GXOast House SpinneyBocking£575,0003
CM7 2DFHome Field DriveBraintree£554,99519
CM7 9RXBroad RoadBraintree£552,3333
CM7 9FSSheene GroveBraintree£540,0004

Least Expensive Streets in Braintree

PostcodeStreetAreaAverageNo. of Sales
CM7 3BDSaunders HouseManor Street, Braintree£83,6254
CM7 3JUAlbert CourtRailway Street, Braintree£110,06216
CM7 3JZVictoria CourtRailway Street, Braintree£110,29417
CM7 1FSCourtaulds MewsBraintree£120,4005
CM7 3GAMazers CourtSilks Way£124,1663
CM7 5LZHanover CourtCarrington Way£124,6254
CM7 3GERose GardensRose Hill£130,3927
CM7 2QZMalyon CloseBraintree£133,96913
CM7 9LPTrafalgar CourtBraintree£134,4287
CM7 2TTNottage CrescentBraintree£135,55010

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