2, ELY WAY, RAYLEIGH, SS6 9TR - £535,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 ELY WAY is a midsized extended detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £594,386. It was last sold for £535,000 in June 2021, which was around 4% below the average June 2021 detached price in the Rochford local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 ELY WAY Sold Prices

Land registry data shows three sales for 2 ELY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Two of the three 2 ELY WAY sales were for below the average price, whilst one was 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 30 JUN	£535,000	£556,221	4% below HPI
2002 19 JUL	£219,000	£227,873	4% below HPI
1996 29 NOV	£123,995	£104,633	19% above HPI

2 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 three 2 ELY WAY sales between November 1996 and June 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 July 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2021 sale, which was also at 4% below the HPI.

What might 2 ELY WAY be worth now?

2 ELY WAY might now be worth an estimated £594,386.

This is based on house price inflation of 11.1%, between June 2021 and December 2024, 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 11.1% inflationary increase is applied to the most recent sale price for 2 ELY WAY of £535,000 on 30th June 2021. For the value to have increased from £535,000 to £594,386 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 2 ELY WAY has moved in line with the HPI for detached houses in the Rochford local authority area.
• The June 2021 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELY WAY has not materially changed since June 2021.

How Large is 2 ELY WAY?

2 ELY WAY is 127m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% 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 ELY WAY lies on this distribution: 57% of detached houses houses are smaller than 2 ELY WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

2 ELY WAY: Plot and Title Map

2 ELY WAY sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 2 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 2 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 2 ELY WAY?

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