15, Hance Lane
15, Hance Lane
Description & Estimates
15, Hance Lane, Braintree is recorded publicly as a mid-century freehold house across 796 ft2 of internal area, sitting on a 144 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 15, Hance Lane, Braintree is £290,929 and its rental estimate is £1,412 per month, given the available information and assuming reasonable condition.
Hance Lane, Rayne, Braintree, CM77 falls within the CM77 postal district, in the borough of Braintree.
Our Data Sources
15, Hance Lane, Braintree has a single entry in the Land Registry from April 2023 and a single entry in the EPC database dated October 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 15, Hance Lane, Braintree, we estimate a market value of £305,476 and a rental value of £1,483 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £270,564 and £1,313 per month respectively.
Recent Market Change
Over the last year, 15, Hance Lane, Braintree has seen its estimated sale value decrease by £5,008 (1.7%) and its estimated rental value grow by £40 per month (2.9%). This results in an estimated gross rental yield of 5.8%.
Plot Size
HM Land Registry records the plot of land for 15, Hance Lane, Braintree as measuring 144 m2.
That makes it the 21st largest plot in the postcode, where 21 of the 24 other houses have recorded plot data.
Energy Efficiency
15, Hance Lane, Braintree has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Oct 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 15, Hance Lane, Braintree completed on 3rd April 2023 at £305,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 5.0% over the period since April 2023.
- Sold Apr 2023£305,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 15, Hance Lane, Braintree have sold within a radius of 1.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th May 2024, was 13, Hance Lane, Braintree, CM77 6TH, a freehold house which sold for £312,000.
Read more about house prices in CM77.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 24 addresses on Hance Lane, Rayne, Braintree, CM77, 15, Hance Lane, Braintree comes out as the 24th largest and the 24th most expensive in our analysis of the public data.
It is also £137k less expensive than the average property across the CM77 district.
More reading links
Schools Nearby
- 500mRayne Primary and Nursery School
- 1.8kmNotley Green Primary School
- 2.0kmSt Michael's Church of England Voluntary Aided Primary School
- 2.4kmTabor Academy
- 2.9kmNotley High School and Braintree Sixth Form
- 4.5kmAlec Hunter Academy
More reading links
Public Transport Nearby
From 15, Hance Lane, Braintree, the nearest station is Braintree, 3.2 kilometres away.
- 3.2kmBraintree
- 4.0kmBraintree Freeport
- 5.3kmCressing (Essex)
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
