118, GROVE ROAD, RAYLEIGH, SS6 8RN - £390,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

118 GROVE ROAD is a very small semi-detached house of 78m², built sometime between 1950 and 1966. It was last sold for £390,000 in November 2017, which was around 23% below the average November 2017 detached price in the Rochford local authority area. The most recent EPC inspection was October 2023, where the current energy rating was E, and the potential energy rating was C.

118 GROVE ROAD Sold Prices

Land registry data shows four sales for 118 GROVE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the four 118 GROVE ROAD sales were for below 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
2017 24 NOV	£390,000	£508,708	23% below HPI
2015 22 JUL	£320,000	£401,470	20% below HPI
2007 20 APR	£165,000	£311,961	47% below HPI
2001 19 JAN	£94,500	£165,760	43% below HPI

118 GROVE ROAD 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 four 118 GROVE ROAD sales between January 2001 and November 2017 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 July 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2017 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 118 GROVE ROAD?

118 GROVE ROAD is 78m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 118 GROVE ROAD lies on this distribution: 8% of detached houses are smaller than 118 GROVE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

118 GROVE ROAD: Plot and Title Map

118 GROVE ROAD sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 118 GROVE ROAD, 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 118 GROVE ROAD). 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 118 GROVE ROAD?

118 GROVE ROAD is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 118 on GROVE ROAD.