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House Prices in CM7

The average house price in CM7 (Braintree) is £301,065 using HM Land Registry data.

The average property price increased by £68,041 (13.78%) over the last 5 years and increased by £13,602 (2.27%) over the last 12 months.

Over the last year, there were 454 residential property sales – a decrease of 367 transactions (-80.84%) relative to the previous year. The majority of house sales (114) were in the £292,000 - £358,000 range. Then came properties in the £226,000 - £292,000 range, where 94 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,197 (-3%).

In June 2024, there were 154 new estate agency instructions, 95 agreed home sales and 75 property price reductions.

5-Year Average Property Prices in CM7 (Braintree)

13.78%

Property prices in Braintree increased by 13.78% 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 CM7 (Braintree) Over the Last Year

2.27%

Property prices in Braintree increased by 2.27% 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 CM7 (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 CM7 (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 CM7 (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 CM7 (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 CM7 (Braintree) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM7 postcode area since 1995.

Recent Sales in CM7 (Braintree)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
23 Bradford Street, Braintree, Essex, CM7 9AS	£525,000	£525,000	£00	15 Nov 2023	03 May 2024	170 Days
Flat 30, Victoria Court, Railway Street, Braintree, Essex, CM7 3JZ	£100,000	£95,000	-£5,000	02 Nov 2023	26 Apr 2024	176 Days
72 Nottage Crescent, Braintree, Essex, CM7 2TT	£140,000	£138,000	-£2,000	26 Apr 2023	26 Apr 2024	366 Days
84 Twelve Acres, Braintree, Essex, CM7 3RN	£350,000	£342,000	-£8,000	04 Dec 2023	19 Apr 2024	137 Days
10 Achilles Way, Braintree, Essex, CM7 9UN	£315,000	£310,000	-£5,000	27 Dec 2023	18 Apr 2024	113 Days
36 Bartram Avenue, Braintree, Essex, CM7 3RB	£260,000	£255,000	-£5,000	16 Jan 2024	12 Apr 2024	87 Days
6 St Lawrence Court, Braintree, Essex, CM7 9UT	£190,000	£190,000	£00	07 Nov 2023	11 Apr 2024	156 Days
3 Williams Drive, Bocking, Braintree, Essex, CM7 5QJ	£350,000	£345,000	-£5,000	15 Dec 2023	22 Mar 2024	98 Days
3 Eagle Lane, Braintree, Essex, CM7 5SW	£257,500	£250,000	-£7,500	05 Aug 2023	22 Mar 2024	230 Days
36 Rana Drive, Braintree, Essex, CM7 2TD	£395,000	£360,000	-£35,000	11 Jan 2024	21 Mar 2024	70 Days
3 Browning Road, Braintree, Essex, CM7 1AH	£325,000	£321,000	-£4,000	30 Aug 2023	15 Mar 2024	198 Days
111 Rosemary Avenue, Braintree, Essex, CM7 2TB	£290,000	£275,000	-£15,000	19 Oct 2023	15 Mar 2024	148 Days
1 Old Mill Chase, Wethersfield, Braintree, Essex, CM7 4EB	£250,000	£232,500	-£17,500	03 Oct 2023	14 Mar 2024	163 Days
7 Bradford Street, Braintree, Essex, CM7 9AS	£225,000	£185,000	-£40,000	22 Aug 2023	14 Mar 2024	205 Days
30 Bridport Way, Braintree, Essex, CM7 9FJ	£350,000	£340,000	-£10,000	14 Oct 2023	08 Mar 2024	146 Days
Flat 4, Albert Court, Railway Street, Braintree, Essex, CM7 3JU	£115,000	£112,500	-£2,500	19 Aug 2023	05 Mar 2024	199 Days
4 Wincey Close, Finchingfield, Braintree, Essex, CM7 4LY	£299,950	£295,000	-£4,950	16 Oct 2023	28 Feb 2024	135 Days
Flat 22, Timber Yard, Station Approach, Braintree, Essex, CM7 3TB	£165,000	£165,000	£00	19 Aug 2023	22 Feb 2024	187 Days
54 Bridport Way, Braintree, Essex, CM7 9FJ	£365,000	£355,000	-£10,000	26 Sep 2023	22 Feb 2024	149 Days
Rosedene, Dunmow Road, Great Bardfield, Braintree, Essex, CM7 4SF	£475,000	£475,000	£00	20 Jun 2023	20 Feb 2024	245 Days

Most Expensive Streets in CM7 (Braintree)

Postcode	Street	Area	Average	No. of Sales
CM7 4TW	Little Bardfield	Braintree	£1,670,000	3
CM7 4FH	Bushett Rise, Little Bardfield	Braintree	£1,325,833	6
CM7 4TS	Little Bardfield	Braintree	£1,086,666	3
CM7 4QF	Braintree Road, Great Bardfield	Braintree	£987,000	5
CM7 4SD	Dunmow Road, Great Bardfield	Braintree	£860,625	4
CM7 5PA	Gosfield Road	Braintree	£793,333	3
CM7 4DD	Blackmore End	Braintree	£786,250	4
CM7 4TG	Beslyns Road, Great Bardfield	Braintree	£766,250	4
CM7 5NS	Grove Field	Braintree	£763,750	4
CM7 5AZ	Shalford Green	Braintree	£763,722	3

Least Expensive Streets in CM7 (Braintree)

Postcode	Street	Area	Average	No. of Sales
CM7 3BD	Saunders House, Manor Street, Braintree	Braintree	£83,625	4
CM7 3JU	Albert Court, Railway Street, Braintree	Braintree	£109,900	15
CM7 3JZ	Victoria Court, Railway Street, Braintree	Braintree	£110,105	19
CM7 1FS	Courtaulds Mews	Braintree	£120,400	5
CM7 3GA	Mazers Court, Silks Way	Braintree	£124,166	3
CM7 5LZ	Hanover Court, Carrington Way	Braintree	£124,625	4
CM7 3GE	Rose Gardens, Rose Hill	Braintree	£130,392	7
CM7 1DQ	Rifle Hill	Braintree	£132,500	3
CM7 2QZ	Malyon Close	Braintree	£132,640	15
CM7 9LP	Trafalgar Court	Braintree	£134,428	7