6, ELY WAY, RAYLEIGH, SS6 9TR - £465,000

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.

6 ELY WAY is a very small extended detached house of 82m², built sometime between 1991 and 1995, which could now be worth an estimated £500,854. It was last sold for £465,000 in October 2021, which was around 19% below the average October 2021 detached price in the Rochford local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

6 ELY WAY Sold Prices

Land registry data shows two sales for 6 ELY WAY 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. One of the two 6 ELY WAY sales was for below the average price, whilst the other 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
2021 22 OCT	£465,000	£577,581	19% below HPI
1997 17 JAN	£106,995	£106,017	1% above HPI

6 ELY WAY 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 6 ELY WAY sales from January 1997 and October 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 January 1997 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 6 ELY WAY be worth now?

6 ELY WAY might now be worth an estimated £500,854.

This is based on house price inflation of 7.7%, between October 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 7.7% inflationary increase is applied to the most recent sale price for 6 ELY WAY of £465,000 on 22nd October 2021. For the value to have increased from £465,000 to £500,854 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 6 ELY WAY has moved in line with the HPI for detached houses in the Rochford local authority area.
• The October 2021 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ELY WAY has not materially changed since October 2021.

How Large is 6 ELY WAY?

6 ELY WAY is 82m², which includes one extension, according to the EPC inspection conducted in July 2021. 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 6 ELY WAY lies on this distribution: 11% of detached houses houses are smaller than 6 ELY WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

6 ELY WAY: Plot and Title Map

6 ELY WAY sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 6 ELY WAY, 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 6 ELY WAY). 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 6 ELY WAY?

6 ELY WAY is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 6 on ELY WAY.