23, POLSTEAD CLOSE, RAYLEIGH, SS6 9TW - £428,000

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

23 POLSTEAD CLOSE is a very small detached house of 89m², built sometime between 1991 and 1995, which could now be worth an estimated £488,700. It was last sold for £428,000 in June 2020, which was around 21% below the average June 2020 detached price in the Rochford local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

23 POLSTEAD CLOSE Sold Prices

Land registry data shows three sales for 23 POLSTEAD CLOSE 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 23 POLSTEAD CLOSE 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
2020 15 JUN	£428,000	£541,208	21% below HPI
2010 28 JUL	£250,000	£353,989	29% below HPI
1996 20 DEC	£107,500	£106,484	1% above HPI

23 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 three 23 POLSTEAD CLOSE sales between December 1996 and June 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 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2020 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 23 POLSTEAD CLOSE be worth now?

23 POLSTEAD CLOSE might now be worth an estimated £488,700.

This is based on house price inflation of 14.2%, between June 2020 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 14.2% inflationary increase is applied to the most recent sale price for 23 POLSTEAD CLOSE of £428,000 on 15th June 2020. For the value to have increased from £428,000 to £488,700 over the three years and six months to December 2024, the following assumptions must hold true:

• The value of 23 POLSTEAD CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The June 2020 sale price of £428,000 represented a fair market value for the property.
• The size, condition, and specification of 23 POLSTEAD CLOSE has not materially changed since June 2020.

How Large is 23 POLSTEAD CLOSE?

23 POLSTEAD CLOSE is 89m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% 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 23 POLSTEAD CLOSE lies on this distribution: 17% of detached houses houses are smaller than 23 POLSTEAD CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

23 POLSTEAD CLOSE: Plot and Title Map

23 POLSTEAD CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 23 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 23 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 23 POLSTEAD CLOSE?

23 POLSTEAD CLOSE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 23 on POLSTEAD CLOSE.