2, Medley Road
2, Medley Road
Description & Estimates
2, Medley Road, Braintree is recorded publicly as a modern freehold house across 1,915 ft2 of internal area, sitting on a 423 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 2, Medley Road, Braintree is £607,319 and its rental estimate is £2,018 per month, given the available information and assuming reasonable condition.
Medley Road, Rayne, Braintree, CM77 falls within the CM77 postal district, in the borough of Braintree.
Our Data Sources
2, Medley Road, Braintree has a single entry in the Land Registry from January 2022 and a single entry in the EPC database dated July 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 2, Medley Road, Braintree, we estimate a market value of £637,684 and a rental value of £2,119 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £564,806 and £1,877 per month respectively.
Recent Market Change
Over the last year, 2, Medley Road, Braintree has seen its estimated sale value decline by £10,627 (1.7%) and its estimated rental value climb by £56 per month (2.8%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 2, Medley Road, Braintree as measuring 423 m2.
That makes it the 2nd largest plot in the postcode, where 39 of the 42 other houses have recorded plot data.
Energy Efficiency
2, Medley Road, Braintree has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jul 2017.
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 2, Medley Road, Braintree completed on 17th January 2022 at £530,000 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 dropped by 11.3% over the period since January 2022.
- Sold Jan 2022£530,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Medley Road, Braintree have sold within a radius of 1.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th November 2024, was 5, The Street, Braintree, CM77 6RH, a freehold house which sold for £747,000.
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 44 addresses on Medley Road, Rayne, Braintree, CM77, 2, Medley Road, Braintree comes out as the largest and the most expensive in our analysis of the public data.
It is also £179k more expensive than the average property across the CM77 district.
More reading links
Schools Nearby
- 600mRayne Primary and Nursery School
- 1.7kmNotley 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 2, Medley Road, Braintree, the nearest station is Braintree, 3.2 kilometres away.
- 3.2kmBraintree
- 3.9kmBraintree Freeport
- 5.2kmCressing (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.
