3, PRESTON GARDENS, RAYLEIGH, SS6 9LR - £296,000

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

3 PRESTON GARDENS is a very small extended detached house of 72m², built sometime between 1930 and 1949. It was last sold for £296,000 in February 2024, which was around 46% below the average February 2024 detached price in the Rochford local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was C.

3 PRESTON GARDENS Sold Prices

Land registry data shows three sales for 3 PRESTON GARDENS 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 3 PRESTON GARDENS 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
2024 16 FEB	£296,000	£549,328	46% below HPI
2005 17 NOV	£200,000	£293,110	32% below HPI
2005 23 MAR	£176,000	£286,038	38% below HPI

3 PRESTON GARDENS 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 3 PRESTON GARDENS sales between March 2005 and February 2024 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 November 2005 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2024 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 3 PRESTON GARDENS?

3 PRESTON GARDENS is 72m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 3 PRESTON GARDENS lies on this distribution: 6% of detached houses are smaller than 3 PRESTON GARDENS, and 94% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

3 PRESTON GARDENS: Plot and Title Map

3 PRESTON GARDENS sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 3 PRESTON GARDENS, 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 3 PRESTON GARDENS). 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 3 PRESTON GARDENS?

3 PRESTON GARDENS is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 3 on PRESTON GARDENS.