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

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 ELY WAY is a midsized extended detached house of 127m², built sometime between 1996 and 2002. It was last sold for £535,000 in June 2021, which was around 3% above 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. All of the three 2 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 30 JUN	£535,000	£520,402	3% above HPI
2002 19 JUL	£219,000	£213,198	3% above HPI
1996 29 NOV	£123,995	£97,895	27% 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2021 sale, which was also at 3% above the HPI.

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 in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 2 ELY WAY lies on this distribution: 57% of detached 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.