1, THE CHESTNUTS, RAYLEIGH, SS6 8ES - £660,000

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.

1 THE CHESTNUTS is a very large detached house of 181m², built sometime between 1976 and 1982, which could now be worth an estimated £740,796. It was last sold for £660,000 in November 2018, which was around 21% above the average November 2018 detached price in the Rochford local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

1 THE CHESTNUTS Sold Prices

Land registry data shows two sales for 1 THE CHESTNUTS 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. Both of the two 1 THE CHESTNUTS sales were 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
2018 8 NOV	£660,000	£543,369	21% above HPI
2006 29 AUG	£465,000	£324,506	43% above HPI

1 THE CHESTNUTS 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 1 THE CHESTNUTS sales from August 2006 and November 2018 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 August 2006 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the November 2018 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 1 THE CHESTNUTS be worth now?

1 THE CHESTNUTS might now be worth an estimated £740,796.

This is based on house price inflation of 12.2%, between November 2018 and March 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 12.2% inflationary increase is applied to the most recent sale price for 1 THE CHESTNUTS of £660,000 on 8th November 2018. For the value to have increased from £660,000 to £740,796 over the seven years and eight months to March 2025, the following assumptions must hold true:

• The value of 1 THE CHESTNUTS has moved in line with the HPI for detached houses in the Rochford local authority area.
• The November 2018 sale price of £660,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CHESTNUTS has not materially changed since November 2018.

How Large is 1 THE CHESTNUTS?

1 THE CHESTNUTS is 181m² according to the EPC inspection conducted in July 2018. This puts it in the largest 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 1 THE CHESTNUTS lies on this distribution: 89% of detached houses houses are smaller than 1 THE CHESTNUTS, and 10% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

1 THE CHESTNUTS: Plot and Title Map

1 THE CHESTNUTS sits on a plot of roughly 0.150 of an acre, or 609m². The below map shows the location of 1 THE CHESTNUTS, 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 1 THE CHESTNUTS). 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 1 THE CHESTNUTS?

1 THE CHESTNUTS is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 1 on THE CHESTNUTS.