House prices in Braintree have gone down by an average of over £5,000 in the month of February, according to figures from the Land Registry.

The latest data from the government department reveals that in February 2023 average house prices in Braintree reached £346,517.

This was down from £352,202 in January, representing a 1.6 per cent decrease. In the last 12 months it has risen by 4.9 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Braintree here.

How much have house prices decreased in Braintree?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £598,096 from £605,668 in January
  • Semi-detached houses - Down to £360,299 from £366,672 in January
  • Terraced houses - Down to £295,205 from £300,982 in January
  • Flats - Down to £180,426 from £183,491 in January

Braintree and Witham Times: What%are%the%latest%house%prices%in%Braintree%? (PA)What%are%the%latest%house%prices%in%Braintree%? (PA)

How do Braintree house prices compare to the UK average?

Despite the fall in prices this month, Braintree is still above the UK average with a typical property value in the nations reaching £287,506 in February.

In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 per cent month on month.

How much could your house be worth?

We have created this map for the East of England so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode onto their website.

The above map can demonstrate which areas of Braintree are the most expensive for average house prices.