61, CHEAPSIDE WEST, RAYLEIGH, SS6 9DE - £244,000

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.

61 CHEAPSIDE WEST is a small detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £443,782. It was last sold for £244,000 in October 2012, which was around 29% below the average October 2012 detached price in the Rochford local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

61 CHEAPSIDE WEST Sold Prices

Land registry data shows three sales for 61 CHEAPSIDE WEST 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 61 CHEAPSIDE WEST 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
2012 8 OCT	£244,000	£342,051	29% below HPI
1999 8 APR	£105,000	£128,716	18% below HPI
1995 20 JAN	£85,000	£105,891	20% below HPI

61 CHEAPSIDE WEST 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 61 CHEAPSIDE WEST sales between January 1995 and October 2012 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 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2012 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 61 CHEAPSIDE WEST be worth now?

61 CHEAPSIDE WEST might now be worth an estimated £443,782.

This is based on house price inflation of 81.9%, between October 2012 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 81.9% inflationary increase is applied to the most recent sale price for 61 CHEAPSIDE WEST of £244,000 on 8th October 2012. For the value to have increased from £244,000 to £443,782 over the thirteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 61 CHEAPSIDE WEST has moved in line with the HPI for detached houses in the Rochford local authority area.
• The October 2012 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 61 CHEAPSIDE WEST has not materially changed since October 2012.

How Large is 61 CHEAPSIDE WEST?

61 CHEAPSIDE WEST is 103m² according to the EPC inspection conducted in March 2012. 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 61 CHEAPSIDE WEST lies on this distribution: 30% of detached houses houses are smaller than 61 CHEAPSIDE WEST, and 70% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

61 CHEAPSIDE WEST: Plot and Title Map

61 CHEAPSIDE WEST sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 61 CHEAPSIDE WEST, 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 61 CHEAPSIDE WEST). 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 61 CHEAPSIDE WEST?

61 CHEAPSIDE WEST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 61 on CHEAPSIDE WEST.