7, DRAKES WAY, RAYLEIGH, SS6 8BS - £550,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

7 DRAKES WAY is a very small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £550,000 in September 2023, which was around 6% below the average September 2023 detached price in the Rochford local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was B.

7 DRAKES WAY Sold Prices

Land registry data shows three sales for 7 DRAKES WAY 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 7 DRAKES WAY 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
2023 18 SEP	£550,000	£582,399	6% below HPI
2019 15 MAR	£362,500	£526,747	31% below HPI
2017 16 AUG	£375,000	£498,356	25% below HPI

7 DRAKES 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 three 7 DRAKES WAY sales between August 2017 and September 2023 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 March 2019 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2023 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 7 DRAKES WAY?

7 DRAKES WAY is 85m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 20% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 7 DRAKES WAY lies on this distribution: 13% of detached houses are smaller than 7 DRAKES WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

7 DRAKES WAY: Plot and Title Map

7 DRAKES WAY sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 7 DRAKES 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 7 DRAKES 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 7 DRAKES WAY?

7 DRAKES WAY is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 7 on DRAKES WAY.