18, CHEAPSIDE EAST, RAYLEIGH, SS6 9JU - £365,000

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

18 CHEAPSIDE EAST is a very small extended detached house of 81m², built sometime between 1950 and 1966. It was last sold for £365,000 in March 2021, which was around 28% below the average March 2021 detached price in the Rochford local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

18 CHEAPSIDE EAST Sold Prices

Land registry data shows two sales for 18 CHEAPSIDE EAST since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Both of the two 18 CHEAPSIDE EAST 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
2021 24 MAR	£365,000	£508,532	28% below HPI
2002 21 JUN	£124,000	£207,458	40% below HPI

18 CHEAPSIDE EAST 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 two 18 CHEAPSIDE EAST sales from June 2002 and March 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 June 2002 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 18 CHEAPSIDE EAST?

18 CHEAPSIDE EAST is 81m², which includes one extension, according to the EPC inspection conducted in November 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 18 CHEAPSIDE EAST lies on this distribution: 10% of detached houses are smaller than 18 CHEAPSIDE EAST, and 89% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

18 CHEAPSIDE EAST: Plot and Title Map

18 CHEAPSIDE EAST sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of 18 CHEAPSIDE EAST, 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 18 CHEAPSIDE EAST). 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 18 CHEAPSIDE EAST?

18 CHEAPSIDE EAST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 18 on CHEAPSIDE EAST.