3, RICHMOND DRIVE, RAYLEIGH, SS6 7RJ - £343,800

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 RICHMOND DRIVE is a small detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £521,899. It was last sold for £343,800 in March 2015, which was around 16% below the average March 2015 detached price in the Rochford local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

3 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 3 RICHMOND DRIVE 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 3 RICHMOND DRIVE 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
2015 30 MAR	£343,800	£409,817	16% below HPI
1996 18 APR	£95,000	£98,423	3% below HPI

3 RICHMOND DRIVE 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 3 RICHMOND DRIVE sales from April 1996 and March 2015 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 April 1996 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 RICHMOND DRIVE be worth now?

3 RICHMOND DRIVE might now be worth an estimated £521,899.

This is based on house price inflation of 51.8%, between March 2015 and February 2025, 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 51.8% inflationary increase is applied to the most recent sale price for 3 RICHMOND DRIVE of £343,800 on 30th March 2015. For the value to have increased from £343,800 to £521,899 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 3 RICHMOND DRIVE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The March 2015 sale price of £343,800 represented a fair market value for the property.
• The size, condition, and specification of 3 RICHMOND DRIVE has not materially changed since March 2015.

How Large is 3 RICHMOND DRIVE?

3 RICHMOND DRIVE is 112m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% 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 3 RICHMOND DRIVE lies on this distribution: 40% of detached houses houses are smaller than 3 RICHMOND DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

3 RICHMOND DRIVE: Plot and Title Map

3 RICHMOND DRIVE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 3 RICHMOND DRIVE, 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 RICHMOND DRIVE). 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 RICHMOND DRIVE?

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