7, HERITAGE WAY, ROCHFORD, SS4 1XA - £280,000

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.

7 HERITAGE WAY is a very small semi-detached house of 61m², built sometime between 1996 and 2002, which could now be worth an estimated £318,878. It was last sold for £280,000 in August 2020, which was around 16% below the average August 2020 semi-detached price in the Rochford local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

7 HERITAGE WAY Sold Prices

Land registry data shows four sales for 7 HERITAGE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Rochford local authority area for the corresponding sale date. Most of the four 7 HERITAGE 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
2020 3 AUG	£280,000	£333,459	16% below HPI
2006 20 MAR	£162,000	£202,619	20% below HPI
2001 29 AUG	£93,000	£114,526	19% below HPI
1996 25 OCT	£74,995	£62,312	20% above HPI

7 HERITAGE WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rochford local authority area over time, sourced from the HPI. The four 7 HERITAGE WAY sales between October 1996 and August 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 March 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 7 HERITAGE WAY be worth now?

7 HERITAGE WAY might now be worth an estimated £318,878.

This is based on house price inflation of 13.9%, between August 2020 and February 2025, for semi-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 13.9% inflationary increase is applied to the most recent sale price for 7 HERITAGE WAY of £280,000 on 3rd August 2020. For the value to have increased from £280,000 to £318,878 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 7 HERITAGE WAY has moved in line with the HPI for semi-detached houses in the Rochford local authority area.
• The August 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HERITAGE WAY has not materially changed since August 2020.

How Large is 7 HERITAGE WAY?

7 HERITAGE WAY is 61m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of semi-detached houses houses in Rochford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Rochford, and where 7 HERITAGE WAY lies on this distribution: 3% of semi-detached houses houses are smaller than 7 HERITAGE WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Rochford.

7 HERITAGE WAY: Plot and Title Map

7 HERITAGE WAY sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 7 HERITAGE 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 HERITAGE 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 HERITAGE WAY?

7 HERITAGE WAY is located in ROCHFORD, in the SS4 postcode district. The below map shows the position of No. 7 on HERITAGE WAY.