Braintree

The Historic Market Town

Area Guide For Braintree

The history of this town dates back to the Roman Empire. Famous for its cloth and silk trade in the past, Braintree has maintained its identity as market town, and is home to the famous designer outlet village. 

 
 

Tags

Braintree
history
transportation
retail stores
designer outlet village.

Overview

  • The Neighbors

    Braintree is a place which has all the modern amenities and yet maintains its cherished history.

  • Ideal for

    Business professionals, retailers and working class.

  • Deal Sealer

    Good transportation infrastructure and calmness of surroundings.

  • Not for

    If you are looking for posh localities and high risers.

  • You will Like

    Shopping centres, retail stores, culture.

Braintree Map

Estimated Price: £266,626
Average Asking Price: £325,973
Price change in last one year: £18,592
Average Price Paid: £220,023
Average Rent Rates: £954

 
 

Property Prices Breakdown in Braintree

Average Price for property in Braintree is around £266,626 which varies based on type of property you are interested in and ranges from £379,025 for detached house to around £237,409 for semi-detached. Similarly terraced house is around £204,847 and a flat is worth £137,582. Values have been changing and have risen £2,981 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,420 in last 6 months, £18,592 in last 1 year, £22,177 in last 2 years, £34,633 in last 3 years, £40,839 in last 4 years and £35,396 in last 5 years.

Currently average asking price of a property in Braintree is around £325,973 based on approximately 945 properties for sale. Same is the case with rental options based on 84 properties up for rent, average asking rent is around £954 per month.

Estimated property value in Braintree is £266,626. Average asking price is £325,973 while average price paid is £235,972 which is up by £18,592 and Avg. asking rent £954.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Braintree area. In last 1 year alone average price buyer paid is around £235,972 based on approximately 945 sales in Braintree area alone. If you compare it to last 3 years sales of 2,715 properties where buyers paid around £223,904. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £220,023 for 4,532 and average amount paid for purchase of approx. 6,025 properties sold in last 7 years comes to about £218,183 per sale.

 
 

Properties For Sale in Braintree

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £137,856, £191,447 for a 2 bedroom house, £291,210 for a 3 bedroom house, £412,719 for a 4 bedroom house and £598,689 for a 5 bedroom house. For a flat similarly the prices varies from £113,824 for a single bedroom to £163,574 for a 2 bedroom Flat. To sum up the asking prices for properties in Braintree it comes to around average £117,328 for 1 bedroom property, £177,018 for 2 bedroom, £291,210 for 3 bedroom, £412,719 for 4 bedroom and £598,689 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £509 for 1 bedroom to £763 for 2 bedrooms, £889 for 3 bedrooms, £1,394 for 4 bedrooms and £1,300 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £574. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £686 and £758 for 3 bedroom. You should be generally be expecting around average £544 rent per month for single bedroom property, £729 for 2 bedroom, £867 for 3 bedroom, £1,394 for 4 bedroom and approximately £1,300 for a 5 bedroom property in Braintree area.

Popular Houses in Braintree

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Braintree

Sum it all up

 The Good

-Excellent Commutation
-Discount Shops
-Great Shopping Areas
- Beautiful Country Side
- High employment opportunities

 Best For

-Businessmen
-Families
-Retailers
- Working class 

 The Bad

- No High Risers
- Lack of Corporate Infrastructure

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