HOUSE prices increased by 1.1 per cent in the Braintree district in July, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 9.6 per cent annual growth.

The average Braintree house price in July was £310,419, Land Registry figures show – a 1.1 per cent increase on June.

Over the month, the picture was better than that across the East of England, where prices decreased 3.8 per cent, and Braintree outperformed the 3.7 per cent drop for the UK as a whole.

Over the last year, the average sale price of property in the district rose by £27,000 – putting the area 19th among the East of England’s 50 local authorities for annual growth.

Winners and Losers

Owners of semi-detached houses saw the biggest improvement in property prices in Braintree in July – they increased 1.4 per cent, to £319,734 on average. Over the last year, prices rose by 9.3 per cent.

Among other types of property:

  • Detached: up 0.8 per cent monthly and up 10.9 per cent annually to £522,798 average.
  • Terraced: up 1.1 per cent monthly and up 9.3 per cent annually to £266,405 average.

First steps on the property ladder

First-time buyers in Braintree spent an average of £258,000 on their property – £22,000 more than a year ago, and £41,000 more than in July 2016.

How do property prices in Braintree compare?

Buyers paid 0.5 per cent less than the average price in the East of England (£312,000) in July for a property in Braintree.

Across the East of England, property prices are high compared to those across the UK, where the average cost £256,000.

The most expensive properties in the East of England were in St Albans – £550,000 on average, and 1.8 times as much as in Braintree.

The highest property prices across the UK were in Kensington and Chelsea, where the average July sale price was £1.3 million could buy 13 properties in Burnley where the average property price is just £101,000.


Average property price in July

  • Braintree: £310,419
  • The East of England: £312,076

UK: £255,535

Annual growth to July

  • Braintree: +9.6%
  • The East of England: +6.8%
  • UK: +8%

Best and worst annual growth in the East of England

  • North Norfolk: +15.5%
  • Norwich: +1.3%