House prices in CM7 1 (Braintree)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CM7 1' (Braintree) - statistics were last calculated on 04 October 2024.

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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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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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. 2, Conan Doyle Close, Braintree, sold for £262,500 on Jul-2024. Given the internal area of 90 square metres, the price per sqm is £2,916.

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 175 sales in Braintree (CM7 1) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 175 transactions, half were sold for between £3,240 and £4,560 per square metre. The median, or 'middle', price per square metre in 'CM7 1' is £3,940. Notably, only 25% of properties that sold recently were valued at more than £4,560 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	£3,240 sqm	£3,940 sqm	£4,560 sqm
CM7 2 Braintree	£3,230 sqm	£3,660 sqm	£4,100 sqm
CM7 3 Braintree	£3,090 sqm	£3,600 sqm	£4,320 sqm
CM7 5 Braintree	£3,390 sqm	£3,870 sqm	£4,360 sqm
CM7 4 Great Bardfield	£3,690 sqm	£4,310 sqm	£5,210 sqm
CM7 9 Braintree	£3,180 sqm	£3,870 sqm	£4,440 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.

Download time series data as CSV (paying users only).

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.

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	£4,152	42
Notley Road, Braintree, CM7 1H	81 sqm	£3,397	41
Tortoiseshell Way, Braintree, CM7 1W	77 sqm	£4,588	18
Bamboo Crescent, Braintree, CM7 1G	81 sqm	£4,062	14
Porters Field, Braintree, CM7 1F	77 sqm	£2,938	13
Greene View, Braintree, CM7 1D	60 sqm	£4,077	13
Challis Lane, Braintree, CM7 1A	82 sqm	£3,839	13
Lister Road, Braintree, CM7 1X	80 sqm	£3,456	12

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
St Johns Avenue, Braintree, CM7 1G	60 sqm	£3,459	15

St Johns Avenue, Braintree, CM7 1G has seen 15 new build sales in the last 4 years (average price £193,014). These new build homes typically have an internal area of 60 sqm, with an average price of £3,459 sqm. This £sqm average is £-481 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.

Address	Paid	sqm	£/sqm
2, Conan Doyle Close, Braintree	£262,500 Jul-2024	90	2,916
52, Goldingham Drive, Braintree	£300,000 Jun-2024	82	3,658
9, Nineacres, Braintree	£325,000 Jun-2024	80	4,062

See the entire list of all sales in Braintree (CM7 1) here.