5, FALCON CLOSE, RAYLEIGH, SS6 9BH - £385,000

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.

5 FALCON CLOSE is a very small detached house of 84m², built sometime between 1996 and 2002, which could now be worth an estimated £434,971. It was last sold for £385,000 in January 2020, which was around 30% below the average January 2020 detached price in the Rochford local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

5 FALCON CLOSE Sold Prices

Land registry data shows five sales for 5 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. All of the five 5 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
2020 31 JAN	£385,000	£550,644	30% below HPI
2008 1 FEB	£265,500	£373,959	29% below HPI
2004 14 JUN	£223,500	£297,664	25% below HPI
1998 13 FEB	£96,000	£123,019	22% below HPI
1995 25 AUG	£85,950	£97,653	12% below HPI

5 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 5 FALCON CLOSE sales between August 1995 and January 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 February 2008 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 5 FALCON CLOSE be worth now?

5 FALCON CLOSE might now be worth an estimated £434,971.

This is based on house price inflation of 13%, between January 2020 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 13% inflationary increase is applied to the most recent sale price for 5 FALCON CLOSE of £385,000 on 31st January 2020. For the value to have increased from £385,000 to £434,971 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 FALCON CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The January 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FALCON CLOSE has not materially changed since January 2020.

How Large is 5 FALCON CLOSE?

5 FALCON CLOSE is 84m² according to the EPC inspection conducted in February 2015. 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 5 FALCON CLOSE lies on this distribution: 12% of detached houses houses are smaller than 5 FALCON CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

5 FALCON CLOSE: Plot and Title Map

5 FALCON CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 5 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 5 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 5 FALCON CLOSE?

5 FALCON CLOSE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 5 on FALCON CLOSE.