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Braintree House Prices Braintree House Prices

The average house price in Braintree is £312,000 using HM Land Registry data.

The average property price increased by £52,981 (19.39%) over the last 5 years and increased by £10,589 (3.36%) over the last 12 months.

Over the last year, there were 427 residential property sales – a decrease of 350 transactions (-81.97%) relative to the previous year. The majority of house sales (106) were in the £276,000 - £334,000 range. Then came properties in the £218,000 - £276,000 range, where 69 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,197 (-3%).

In April 2024, there were 134 new estate agency instructions, 58 agreed home sales and 58 property price reductions.

Neighbouring Areas: Great Notley

Postcodes Covered: CM7, CM77

5-Year Average Property Prices in Braintree

19.39%

Property prices in Braintree increased by 19.39% 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

3.36%

Property prices in Braintree increased by 3.36% 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 - April 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 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
30 Bridport Way, Braintree, Essex, CM7 9FJ£350,000£340,000-£10,00014 Oct 202308 Mar 2024146 Days
Flat 4, Albert Court, Railway Street, Braintree, Essex, CM7 3JU£115,000£112,500-£2,50019 Aug 202305 Mar 2024199 Days
Flat 22, Timber Yard, Station Approach, Braintree, Essex, CM7 3TB£165,000£165,000£0019 Aug 202322 Feb 2024187 Days
54 Bridport Way, Braintree, Essex, CM7 9FJ£365,000£355,000-£10,00026 Sep 202322 Feb 2024149 Days
81 Keeble Way, Braintree, Essex, CM7 3JY£310,000£300,000-£10,00007 Sep 202311 Jan 2024126 Days
80 River Mead, Bocking, Braintree, Essex, CM7 9AX£489,950£470,000-£19,95017 May 202320 Dec 2023217 Days
9 Rosemary Avenue, Braintree, Essex, CM7 2SZ£425,000£410,000-£15,00025 Feb 202320 Dec 2023298 Days
136a, Bartram Avenue, Braintree, Essex, CM7 3RA£160,000£160,000£0010 Jul 202315 Dec 2023158 Days
33 Farthing Close, Braintree, Essex, CM7 9DN£260,000£240,000-£20,00025 Aug 202312 Dec 2023109 Days
3 Tennyson Close, Braintree, Essex, CM7 1AB£285,000£276,000-£9,00017 Jul 202311 Dec 2023147 Days
31 Sovereign Close, Braintree, Essex, CM7 9DJ£300,000£300,000£0003 Jun 202308 Dec 2023188 Days
21 Telford Road, Braintree, Essex, CM7 1EA£270,000£270,000£0025 Sep 202308 Dec 202374 Days
9 St Lawrence Court, Braintree, Essex, CM7 9UT£220,000£220,000£0025 Aug 202330 Nov 202397 Days
2 Gauden Road, Braintree, Essex, CM7 5SY£375,000£375,000£0018 May 202329 Nov 2023195 Days
125 Trotters Field, Braintree, Essex, CM7 3NW£275,000£275,000£0031 Aug 202324 Nov 202385 Days
9 Buchan Close, Braintree, Essex, CM7 1BX£270,000£260,000-£10,00012 Jul 202323 Nov 2023134 Days
131 Notley Road, Braintree, Essex, CM7 1HF£230,000£220,000-£10,00005 Aug 202317 Nov 2023104 Days
1 Beadon Drive, Braintree, Essex, CM7 1DS£375,000£367,500-£7,50015 Apr 202317 Nov 2023216 Days
24 Vernon Way, Braintree, Essex, CM7 9TU£300,000£300,000£0025 May 202306 Nov 2023165 Days
1 Nayling Road, Braintree, Essex, CM7 2RY£300,000£290,000-£10,00016 Aug 202303 Nov 202379 Days

Most Expensive Streets in Braintree

PostcodeStreetAreaAverageNo. of Sales
CM7 9SEThistley Green RoadBraintree£689,2005
CM7 2LLMarshalls RoadBraintree£673,6005
CM7 9BECourtauld RoadBraintree£647,5003
CM7 2ASLondon RoadBraintree£626,6663
CM7 9RZBroad RoadBraintree£607,0005
CM7 5GXOast House SpinneyBocking£575,0003
CM7 2DFHome Field DriveBraintree£554,99519
CM7 9FSSheene GroveBraintree£540,0004
CM7 2LFLondon RoadBraintree£536,4287
CM7 9FGNorthampton CloseBraintree£535,0003

Least Expensive Streets in Braintree

PostcodeStreetAreaAverageNo. of Sales
CM7 3BDSaunders HouseManor Street, Braintree£79,5003
CM7 3JUAlbert CourtRailway Street, Braintree£109,90015
CM7 3JZVictoria CourtRailway Street, Braintree£111,15719
CM7 1FSCourtaulds MewsBraintree£120,4005
CM7 3GAMazers CourtSilks Way£120,8754
CM7 5LZHanover CourtCarrington Way£126,1663
CM7 3GERose GardensRose Hill£130,3927
CM7 9LPTrafalgar CourtBraintree£131,3758
CM7 2QZMalyon CloseBraintree£132,64015
CM7 1DQRifle HillBraintree£137,8754

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