Feb 07, 2023 by HM

House prices in Braintree (CM7 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Braintree (CM7 3).

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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. 15, Salcombe Road, Braintree, sold for £325,000 on Sep-2023. Given the internal area of 81 square metres, the price per sqm is £4,012.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 272 sales in Braintree (CM7 3) 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 3). Of the 272 transactions, half were sold for between £3,160 and £4,350 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,350m². 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 3' is £3,690. The table below shows how 'CM7 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CM7 2 Braintree	£3,340m2	£3,770m2	£4,200m2
CM7 3 Braintree	£3,160m2	£3,690m2	£4,350m2
CM7 4 Great Bardfield	£3,710m2	£4,240m2	£4,710m2
CM7 5 Bocking	£3,250m2	£3,790m2	£4,220m2
CM7 9 Braintree	£3,330m2	£3,820m2	£4,320m2
CM7 1 Braintree	£3,320m2	£3,910m2	£4,500m2

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 3 (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 3 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
Cressing Road, Braintree, CM7 3P	83m2	£3,640	41
Railway Street, Braintree, CM7 3J	56m2	£2,584	38
Victoria Street, Braintree, CM7 3H	80m2	£3,295	24
Clockhouse Way, Braintree, CM7 3R	74m2	£3,004	22
Keeble Way, Braintree, CM7 3J	58m2	£3,820	21
The Yard, Braintree, CM7 3T	54m2	£3,117	19
Manor Street, Braintree, CM7 3H	76m2	£3,206	16
Gulls Croft, Braintree, CM7 3R	72m2	£4,218	15

Search for your street here.

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
15, Salcombe Rd, Braintree	£325,000 Sep-2023	81	4,012
30, Trotters Field, Braintree	£265,000 Sep-2023	61	4,344
69, Megs Way, Braintree	£297,500 Aug-2023	62	4,798

See the entire list of all sales in Braintree (CM7 3) here.