2, POLSTEAD CLOSE, RAYLEIGH, SS6 9TW - £473,000

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 POLSTEAD CLOSE is a small extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £473,000 in August 2020, which was around 9% below the average August 2020 detached price in the Rochford local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

2 POLSTEAD CLOSE Sold Prices

Land registry data shows four sales for 2 POLSTEAD CLOSE 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. Most of the four 2 POLSTEAD CLOSE 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
2020 27 AUG	£473,000	£516,966	9% below HPI
2004 1 JUL	£224,000	£281,306	20% below HPI
1997 2 OCT	£98,750	£111,726	12% below HPI
1996 28 JUN	£94,750	£91,730	3% above HPI

2 POLSTEAD CLOSE 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 POLSTEAD CLOSE sales between June 1996 and August 2020 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 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 2 POLSTEAD CLOSE?

2 POLSTEAD CLOSE is 108m², which includes three extensions, according to the EPC inspection conducted in May 2020. This puts it in the smallest 40% 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 POLSTEAD CLOSE lies on this distribution: 36% of detached houses are smaller than 2 POLSTEAD CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

2 POLSTEAD CLOSE: Plot and Title Map

2 POLSTEAD CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 2 POLSTEAD CLOSE, 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 POLSTEAD CLOSE). 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 POLSTEAD CLOSE?

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