31, FALCON CLOSE, RAYLEIGH, SS6 9BH - £483,000

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.

31 FALCON CLOSE is a small detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £545,237. It was last sold for £483,000 in February 2021, which was around 12% below the average February 2021 detached price in the Rochford local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

31 FALCON CLOSE Sold Prices

Land registry data shows five sales for 31 FALCON CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Most of the five 31 FALCON 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
2021 8 FEB	£483,000	£551,103	12% below HPI
2013 19 JUL	£327,000	£349,658	6% below HPI
2007 9 MAR	£297,500	£334,789	11% below HPI
2000 31 JAN	£152,000	£149,923	1% above HPI
1996 27 SEP	£115,000	£103,541	11% above HPI

31 FALCON 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 five 31 FALCON CLOSE sales between September 1996 and February 2021 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 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 31 FALCON CLOSE be worth now?

31 FALCON CLOSE might now be worth an estimated £545,237.

This is based on house price inflation of 12.9%, between February 2021 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 12.9% inflationary increase is applied to the most recent sale price for 31 FALCON CLOSE of £483,000 on 8th February 2021. For the value to have increased from £483,000 to £545,237 over the four years to February 2025, the following assumptions must hold true:

• The value of 31 FALCON CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The February 2021 sale price of £483,000 represented a fair market value for the property.
• The size, condition, and specification of 31 FALCON CLOSE has not materially changed since February 2021.

How Large is 31 FALCON CLOSE?

31 FALCON CLOSE is 99m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% 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 31 FALCON CLOSE lies on this distribution: 26% of detached houses houses are smaller than 31 FALCON CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

31 FALCON CLOSE: Plot and Title Map

31 FALCON CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 31 FALCON 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 31 FALCON 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 31 FALCON CLOSE?

31 FALCON CLOSE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 31 on FALCON CLOSE.