1, ELM CLOSE, RAYLEIGH, SS6 8AD - £487,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 ELM CLOSE is a very small extended detached house of 89m², built sometime between 1950 and 1966. It was last sold for £487,500 in August 2023, which was around 14% below the average August 2023 detached price in the Rochford local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

1 ELM CLOSE Sold Prices

Land registry data shows three sales for 1 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Two of the three 1 ELM CLOSE sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 22 AUG	£487,500	£568,225	14% below HPI
2020 5 MAR	£515,000	£512,096	1% above HPI
2011 30 JUN	£249,995	£320,434	22% below HPI

1 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochford local authority area over time, sourced from the HPI. The three 1 ELM CLOSE sales between June 2011 and August 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2020 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2023 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 1 ELM CLOSE?

1 ELM CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 1 ELM CLOSE lies on this distribution: 17% of detached houses are smaller than 1 ELM CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

1 ELM CLOSE: Plot and Title Map

1 ELM CLOSE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 1 ELM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ELM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ELM CLOSE?

1 ELM CLOSE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 1 on ELM CLOSE.