# House prices in CM7 1 (Braintree)

## Defining 'CM7 1'

This analysis is limited to properties whose postcode starts with "CM7 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Braintree.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Braintree is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. Apartment 19 High Elms, 162, Notley Road, Braintree, sold for £95,000 on Mar-2024. Given the internal area of 45 square metres, the price per sqm is £2,111.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 206 sales in Braintree (CM7 1) that took place in the last two years.

##### Distribution of £ per sqm for Braintree
Distribution of £ per sqm house prices in Braintree

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Braintree (CM7 1). Of the 206 transactions, half were sold for between £3,350 and £4,580 per square metre. The median, or 'middle', price per square metre in 'CM7 1' is £3,950. Notably, only 25% of properties that sold recently were valued at more than £4,580 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Braintree

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Braintree. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Braintree

## Comparison with neighbouring postcode sectors

The table below shows how 'CM7 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CM7 1 Braintree £3,350 sqm £3,950 sqm £4,580 sqm
CM7 5 Braintree £3,370 sqm £3,870 sqm £4,310 sqm
CM7 4 Great Bardfield £3,610 sqm £4,250 sqm £4,950 sqm
CM7 9 Braintree £3,290 sqm £3,840 sqm £4,430 sqm
CM7 2 Braintree £3,250 sqm £3,640 sqm £4,040 sqm
CM7 3 Braintree £3,160 sqm £3,670 sqm £4,330 sqm

## Will Braintree house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CM7 1 (Braintree) compared with both the wider area CM7 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Braintree,Braintree
House price trends for Braintree

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CM7 1 sales
Recent trends for Braintree

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Braintree to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Braintree and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Mill Park Drive, Braintree, CM7 1X 83 sqm £4,175 43
Notley Road, Braintree, CM7 1H 81 sqm £3,395 38
Tortoiseshell Way, Braintree, CM7 1W 77 sqm £4,496 20
Buckwoods Road, Braintree, CM7 1D 72 sqm £3,620 15
Bamboo Crescent, Braintree, CM7 1G 81 sqm £4,043 15
Lister Road, Braintree, CM7 1X 80 sqm £3,399 15
Skitts Hill, Braintree, CM7 1A 86 sqm £3,194 15
Porters Field, Braintree, CM7 1F 77 sqm £2,956 14

## New build activity

Street Avg size Avg £sqm New build sales
St Johns Avenue, Braintree, CM7 1G 60 sqm £3,371 22

St Johns Avenue, Braintree, CM7 1G has seen 22 new build sales in the last 4 years (average price £188,911). These new build homes typically have an internal area of 60 sqm, with an average price of £3,371 sqm. This £sqm average is £-579 below the average for CM7 1. New builds typically command a £ per sqm premium. In the case of St Johns Avenue the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Braintree is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.