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

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

2 ALBANY RISE is a small detached house of 100m², built sometime between 1983 and 1990. It was last sold for £320,000 in May 2014, which was around 8% 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	£349,101	8% below HPI
2005 9 SEP	£249,995	£295,775	15% below HPI
2001 9 NOV	£188,000	£192,830	3% below HPI
1997 31 OCT	£106,000	£111,726	5% 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2014 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

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 in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 2 ALBANY RISE lies on this distribution: 27% of detached houses are smaller than 2 ALBANY RISE, and 71% 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 0.065 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.