16, ELY WAY, RAYLEIGH, SS6 9TR - £635,000

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

16 ELY WAY is a large extended detached house of 159m², built sometime between 1996 and 2002. It was last sold for £635,000 in December 2021, which was around 18% above the average December 2021 detached price in the Rochford local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

16 ELY WAY Sold Prices

Land registry data shows six sales for 16 ELY WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the six 16 ELY WAY sales were 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
2021 3 DEC	£635,000	£539,384	18% above HPI
2020 14 FEB	£580,000	£512,813	13% above HPI
2009 24 FEB	£340,000	£307,175	11% above HPI
2005 19 APR	£350,000	£285,493	23% above HPI
2003 30 OCT	£312,500	£272,771	15% above HPI
1997 27 MAR	£154,995	£100,424	54% above HPI

16 ELY WAY 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 six 16 ELY WAY sales between March 1997 and December 2021 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 February 2020 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the December 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 16 ELY WAY?

16 ELY WAY is 159m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 16 ELY WAY lies on this distribution: 80% of detached houses are smaller than 16 ELY WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

16 ELY WAY: Plot and Title Map

16 ELY WAY sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 16 ELY WAY, 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 16 ELY WAY). 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 16 ELY WAY?

16 ELY WAY is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 16 on ELY WAY.