Feb 07, 2023 by HM

House prices in Braintree (CM7 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Braintree (CM7 1).

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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 2 High Elms, 162, Notley Road, Braintree, sold for £99,000 on Sep-2023. Given the internal area of 45 square metres, the price per sqm is £2,200.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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 228 sales in Braintree (CM7 1) that took place in the last two years.

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.

That said, the spread of prices will give you a feel of the typical range to expect in Braintree (CM7 1). Of the 228 transactions, half were sold for between £3,350 and £4,520 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,520m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CM7 1' is £3,920. The table below shows how 'CM7 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM7 1 Braintree	£3,350m2	£3,920m2	£4,520m2
CM7 4 Great Bardfield	£3,860m2	£4,260m2	£4,710m2
CM7 5 Bocking	£3,250m2	£3,790m2	£4,250m2
CM7 9 Braintree	£3,340m2	£3,840m2	£4,370m2
CM7 2 Braintree	£3,330m2	£3,750m2	£4,150m2
CM7 3 Braintree	£3,170m2	£3,690m2	£4,370m2

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 scatter plot below for CM7 1 (Braintree). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CM7 1 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Braintree data or any other data I am given.

Price map for Braintree

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Braintree

Street level data

Street	Avg size	Avg £/m2	Recent sales
Mill Park Drive, Braintree, CM7 1X	83m2	£4,145	41
Notley Road, Braintree, CM7 1H	84m2	£3,587	29
Tortoiseshell Way, Braintree, CM7 1W	77m2	£4,426	22
Lister Road, Braintree, CM7 1X	80m2	£3,359	16
Buckwoods Road, Braintree, CM7 1D	72m2	£3,521	15
Bamboo Crescent, Braintree, CM7 1G	82m2	£3,978	14
Skitts Hill, Braintree, CM7 1A	86m2	£3,172	14
Porters Field, Braintree, CM7 1F	77m2	£2,953	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
St Johns Avenue, Braintree, CM7 1G	60m2	£3,295	47

St Johns Avenue, Braintree, CM7 1G has seen 47 new build sales in the last 4 years (average price £197,694). These new build homes typically have an internal area of 60 m2, with an average price of £3,295 m2. This £sqm average is £-625 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	m2	£/m2
Apartment 2 High Elms, 162, Notley Rd, Braintree	£99,000 Sep-2023	45	2,200
37, Notley Rd, Braintree	£265,000 Sep-2023	61	4,344
9, Greene View, Braintree	£278,500 Sep-2023	70	3,978

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