2, THE APPROACH, RAYLEIGH, SS6 9AA - £140,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE APPROACH is a very small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £140,000 in October 2000, which was around 17% below the average October 2000 detached price in the Rochford local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was C.

2 THE APPROACH Sold Prices

Land registry data shows two sales for 2 THE APPROACH since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Both of the two 2 THE APPROACH 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
2000 11 OCT	£140,000	£169,263	17% below HPI
1999 15 OCT	£115,000	£132,321	13% below HPI

2 THE APPROACH 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 two 2 THE APPROACH sales from October 1999 and October 2000 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 October 1999 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2000 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 THE APPROACH?

2 THE APPROACH is 89m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 20% 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 THE APPROACH lies on this distribution: 17% of detached houses are smaller than 2 THE APPROACH, and 82% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

2 THE APPROACH: Plot and Title Map

2 THE APPROACH sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 2 THE APPROACH, 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 THE APPROACH). 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 THE APPROACH?

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