2, ALBANY RISE, RAYLEIGH, SS6 8TL - £320,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ALBANY RISE is a small detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £533,532. It was last sold for £320,000 in May 2014, which was around 14% below the average May 2014 detached price in the Rochford local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was C.

2 ALBANY RISE Sold Prices

Land registry data shows four sales for 2 ALBANY RISE 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 2 ALBANY RISE 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
2014 20 MAY	£320,000	£373,130	14% below HPI
2005 9 SEP	£249,995	£316,134	21% below HPI
2001 9 NOV	£188,000	£206,103	9% below HPI
1997 31 OCT	£106,000	£119,416	11% below HPI

2 ALBANY RISE 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 2 ALBANY RISE sales between October 1997 and May 2014 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 September 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 ALBANY RISE be worth now?

2 ALBANY RISE might now be worth an estimated £533,532.

This is based on house price inflation of 66.7%, between May 2014 and February 2025, for detached houses, in the Rochford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.7% inflationary increase is applied to the most recent sale price for 2 ALBANY RISE of £320,000 on 20th May 2014. For the value to have increased from £320,000 to £533,532 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 2 ALBANY RISE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The May 2014 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALBANY RISE has not materially changed since May 2014.

How Large is 2 ALBANY RISE?

2 ALBANY RISE is 100m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% of detached houses houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rayleigh, and where 2 ALBANY RISE lies on this distribution: 27% of detached houses houses are smaller than 2 ALBANY RISE, and 72% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

2 ALBANY RISE: Plot and Title Map

2 ALBANY RISE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 2 ALBANY RISE, 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 2 ALBANY RISE). 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 2 ALBANY RISE?

2 ALBANY RISE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 2 on ALBANY RISE.