62, CHEAPSIDE WEST, RAYLEIGH, SS6 9DE - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

62 CHEAPSIDE WEST is a very small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £450,000 in September 2021, which was around 16% below the average September 2021 detached price in the Rochford local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

62 CHEAPSIDE WEST Sold Prices

Land registry data shows three sales for 62 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 62 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
2021 10 SEP	£450,000	£533,835	16% below HPI
2013 17 DEC	£250,000	£340,734	27% below HPI
1998 16 OCT	£99,703	£120,981	18% below HPI

62 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 62 CHEAPSIDE WEST sales between October 1998 and September 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 December 2013 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 62 CHEAPSIDE WEST?

62 CHEAPSIDE WEST is 76m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 62 CHEAPSIDE WEST lies on this distribution: 7% of detached houses are smaller than 62 CHEAPSIDE WEST, and 92% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

62 CHEAPSIDE WEST: Plot and Title Map

62 CHEAPSIDE WEST sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 62 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 62 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 62 CHEAPSIDE WEST?

62 CHEAPSIDE WEST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 62 on CHEAPSIDE WEST.